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Does HUD Owe You Money?

If you bought your home after Sept. 1, 1983 with a FHA loan, chances are you had to purchase mortgage insurance. The FHA was supposed to refund that insurance back to you if you made all of your payments and have paid off your mortgage. The Department of Housing and Urban Development (HUD) says that approximately 30 percent of those refunds never get claimed.

$450 million waiting to be claimed

There is actually a substantial amount of money parked in a government bank account waiting, sometimes for years, to get claimed. If you have ever owned a home, part of that $450 million could be yours.  If you are owed a refund it could be as little as a few dollars or as much as a couple thousand.

Find out if HUD owes you money:

Enter your last name to find out if HUD owes you money:


If you did not or do not receive an application (HUD-27050-B) or a check within 45 days of your loan being paid off, you should contact you mortgage loan company and confirm the proper termination information was sent to HUD. If the correct information was sent, or you have not received your refund or any other information within 120 days after you sent in your application, you should contact HUD at the following phone number and address:

U.S. Department of Housing and Urban Development
P.O. Box 23699
Washington, DC 20026-3699
(800) 697-6967, 8:30-8:30EST M-F

The information on the HUD website is free of charge, but be aware that scammers have been caught attempting to sell this information to borrowers owed.

There are two types of refunds, Premium and Distributive. If your loan was acquired after Sept. 1, 1983 you may be eligible for a premium refund. Other Requirements are:

  • Not defaulting on any of your mortgage payments, as well as
  • At closing of your loan, paying an up-front insurance premium


If your loan was originated before Sept. 1, 1983, the FHA insurance was terminated before Nov. 5, 1990, and you paid your loan for over seven years you may be eligible for a portion of the excess earnings from a Mutual Mortgage Insurance Fund.

Stay up-to-date on news related to the HUD and FHA Modernization with Mortgage Loan Place.