FHA MIP Reduction

Green MIP Reduction for HUD 221(d)(4) Loans

Green MIP Reduction for HUD 221(d)(4) Loans

While FHA MIP is usually less expensive than the private mortgage insurance one would pay on a privately-insured loan, it can still get expensive. Fortunately, HUD is now allowing investors and developers to reduce their MIP payments to 0.25%, provided they make energy efficient improvements to their project.