FAQs

Who is due a Refund?
You may be one of the thousands of people who have paid off their HUD/FHA
mortgage and are due a refund. Many people do not realize that if the loan was
refinanced or if it was they sell their home and someone else takes out a new
mortgage the original debt is paid off by the new mortgage and a refund is
due to the borrower.

How many people have refunds coming to them?
Currently there are approximately 125,000 people nationwide, including the commonwealth of Puerto Rico due HUD/FHA refunds as a result of this program.

What's the average dollar amount of these refunds?
The average refunds are approximately $800 to $1,400. The highest refunds are around $5,000.

Why doesn't HUD/FHA do this themselves?
It was determined that the cost involved with creating a division within HUD/FHA for the sole purpose of returning this money back to the people would far exceed the cost of allowing people to do this for them independently.

Why didn't the people collect their refund?
The most common reasons are: 1) Over time most people simply forget that they are entitled to a refund therefore never claim it. 2) The home was sold and the individual did not provide a forwarding address at the post office. 3) The letter that is sent to them by HUD/FHA notifying them of their refund is often mistaken as ''junk mail.''

May I collect the refund on my own?
Yes you can! Our do it yourself refund kit has all the
documentation you need with easy to understand instructions.

Is this refund taxable to the recipient?
No, the refund amount does not need to be reported as income.

Is there really a demand for processors?
Yes there is. The Department has stepped up efforts to locate homeowners
owed a total of $250 million in Federal Housing Administration (FHA) premium
refunds. The Department awarded Walker and Company LLP a contract, not to
exceed $2,588,981, to assist the FHA in finding the more than 348,000
homeowners who are owed money.