If you purchased your home using a Federal Housing Administration (FHA) loan, you were able to make very low down payment of as little as 3.5 percent. This is the first indicator that your loan may be FHA insured. In exchange for a low down payment, FHA always requires a mortgage insurance premium on each and every loan.
Locate your monthly mortgage statement. If it provides a breakdown of the monthly payment, you will see two insurance items listed. One will be the monthly mortgage insurance premium (MIP), which is what FHA calls its mortgage insurance. The other is the monthly amount for your homeowner's insurance.
Pull your closing package from the closing of your mortgage. Locate the closing statement (HUD1), which gives a breakdown of all of the closing costs. Look at the upper-right corner of the first page; you will see a HUD (Housing and Urban Development) mortgage insurance case number. It will be 13 digits, shown as 000-0000000-000. This case number will be repeated on your promissory note, the document that creates the debt. If you have a HUD case number, your loan is FHA insured. On the second page of your closing statement, you will find the charge for the up-front mortgage insurance premium (UFMIP). The UFMIP is usually financed into the loan; you can locate this charge in the lines numbered 900.
Call your lender by using the customer service number on your monthly statement for your mortgage. The customer service representative will need your account number and address, or your Social Security number. You can ask the representative if yours is an FHA loan. All FHA loans are insured.
Access your loan information by going online to your lender's website. You may have set up a user name and password for this purpose. Go to your account information, and you should be able to pull up all of the information about the type of loan you have. Your account will indicate if you have an FHA loan, which is always FHA insured.
If you do not have an FHA loan, you might have a conventional loan. Conventional loans may require private mortgage insurance (PMI) if you did not make a large-enough down payment. This is not government insurance, but a private insurance source.
Things You'll Need
FHA closing package
Statement from lender with account number