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.
Learn more about direct deposit (ACH) premium refunds.
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.
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 and 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.
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