Mortgage insurance premium refunds

Navigate to: Refund guideline | Non-Refundable singles HPA cancellation | Refundable singles lender cancellation | Refundable annual lender cancellation | Refundable monthly

We offer refundable and non-refundable premium plans. Each loan's insurance Commitment/Certificate specifies whether it is eligible for a mortgage insurance premium refund.

Premium refund guidelines

Refundable premium plans

Premium Plan	Initial Insurance Effective Date	Refund Calculation
Annual Premiums	Prior to 7/29/1999	See our Annual Premium Refund Schedule.
Annual Premiums	On or after 7/29/1999	Prorated refund – We calculate this refund based on the number of days of coverage in force divided by 365 days
Monthly Premiums	N/A	Prorated refund – We calculate this refund based on the number of days of coverage in force divided by 30 days
Single Premiums — Borrower-Paid	N/A	See our Single Premium Refund Schedules.

We will not provide a refund for any period more than 45 days prior to our receipt of the required mortgage insurance cancellation notice.

We will mail premium refund checks to you. For annual and single premiums less than $5, we will only provide a refund upon request.

Non-refundable premium plans

Our borrower-paid, non-refundable premium plans may be partially refundable if the borrower or lender terminated mortgage insurance under the Homeowners Protection Act (HPA). We base these refunds on our HPA refund schedules. Otherwise, premium under these plans is non-refundable.

Non-refundable Single Premiums – HPA cancellation

Refer to the appropriate HPA refund schedule.

Initial insurance effective date	Property state
July 29, 1999 – Sept. 8, 2013	All states
Sept. 9, 2013 and after	All states except AK, MD
Sept. 9, 2013 and after	AK only
Dec. 17, 2013 and after	MD only

Refundable Single Premiums – lender-requested cancellation

Refer to the appropriate 5-year refund schedule

Initial insurance effective date	Property state
April 30, 2001 and before	All states
May 1, 2001 - Aug. 1, 2004	All states
Aug. 2, 2004 - Sept. 8, 2013	All states
Sept. 9, 2013 and after	All states except AK
Sept. 9, 2013 and after	AK only

Refundable Annual Premiums – lender-requested cancellation

Refer to the refund schedule or calculation, as appropriate.

Initial insurance effective date	Property state
Prior to July 29, 1999	All states
July 29, 1999 and after We will provide a prorated refund based on the number of days insurance is in force divided by 365 days, and then multiplying the resulting percentage by the annual premium amount.	All states

Refundable Monthly Premiums

We will provide a prorated refund based on the number of days insurance is in force divided by 30 days, and then multiplying the resulting percentage by the monthly premium amount.