Entrust Refund Services is a service provider assisting homeowners in the recovery of mortgage insurance premiums from the US Government. Starting in 2010 our mission has been simple "Helping People Recover Mortgage Insurance Premiums". With over 3000 individual refunds and over $6,000,000 dollars recovered we continue to be committed to this mission. We separate ourselves from our competitors by preparing all the paperwork required to apply for your refund, always following through with our agreements, charging a fair commission, never charging upfront fees, and only collecting our payment after you have received your refund. Please call us today see if you are owed a Mortgage Insurance Refund: 763-232-5972

FHA Loans

FHA Loans

An FHA loan is insured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers, rather, it provides lenders protection through mortgage insurance (MIP) in case the borrower defaults on his or her loan obligations. Available to all buyers, FHA loan programs are designed to help creditworthy low-income and moderate-income families who do not meet requirements for conventional loans.

FHA loan programs are particularly beneficial to those buyers with less available cash. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.

Some of the other benefits of FHA financing:

  • Only a 3 percent down payment is required.
  • Closing costs can be financed.
  • Lower monthly mortgage insurance premiums and, under certain conditions, automatic cancellation of the premium.
  • More flexible underwriting criteria than conventional loans
  • FHA limits the amount lenders can charge for some closing cost fees (e.g. the origination fee can be no more than 1% of mortgage).
  • Loans are assumable to qualified buyers.

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