Explore the Mortgage101 Library
Check Local Mortgage Rates
Today's Average
4.95%
Calculators
FEATURED CALCULATORLoan Program Choices
Use our calculator to find out your estimated monthly payment in advance: Enter the loan amount, interest rate, and length of mortgage.
Try our Mortgage Payment Calculator
TERMINOLOGY
If you have ever paid off a home loan backed by FHA, you may have money owed to you. And the government wants to pay you back.
About 1 in 10 FHA borrowers leave money in their escrow accounts when they pay off their loans. The average refund for each borrower is about $700.
Former FHA borrowers who think they might be due a refund can call a toll free number, 800-697-6967, write HUD at P.O. Box 23669, Washington DC 20026-3699, or look for his/her name with the HUD Refund Search Form on their web site.
More Articles...
What Are Typical Mortgage Down Payments?
How to Get Approved for an FHA Loan despite Bad Credit
- FHA Loans for a First-Time Home Buyer
- Alternatives to Getting a 2nd Mortgage
- What Lenders Don't Reveal About Home Equity Loans
- Second Mortgages: Advantages and Disadvantages
- Low Down Payment Loan Qualification
- Appraisal Basics
- 3 Warning Signs of Loan Modification Scams
- 3 Reasons Banks Reject Short Sales
- What To Do When Mortgages Default