With an FHA or USDA loan, you’ll pay for mortgage insurance regardless. Many lenders offer conventional mortgages with low down payment requirements – some as low as 3%. A lender likely will.

Fha Loan Calculator Ny Fha Rate Help Website Note- FHA government loans .org is not affiliated with HUD or FHA and is not a government agency. fha government loans .org is a website that provides information about mortgages and loans and does not offer loans or mortgages directly or indirectly through and representatives or agents.Fha Rules On Pmi When the balance drops to 78 percent, the mortgage servicer is required to eliminate PMI. Although you can cancel private mortgage insurance, you cannot cancel Federal housing administration insurance. You can get rid of FHA insurance by refinancing into a non-FHA-insured loan.