Had an FHA Loan? HUD May Owe You a Refund

There may be money waiting with your name on it

If you ever bought a home with an FHA-insured mortgage, you might be owed a refund from HUD. This is your own money, set aside from the insurance you paid on that loan.

The U.S. Department of Housing and Urban Development (HUD) keeps a searchable list of people who are owed these refunds. Many people never find out they qualify. The money just sits there, unclaimed.

Checking costs nothing. You do not need to pay anyone to look for you.

Why HUD might owe you

When you had an FHA-insured mortgage, you paid for mortgage insurance. In some cases, when the loan ends (for example, when you sold the home or paid it off), part of that insurance can be refunded to you.

HUD's Office of Financial Services works to pay eligible homeowner refunds. Its stated goal is to pay what is owed to homeowners in a cost-effective and timely way, according to HUD.

Refunds connect to a home you previously owned that had FHA insurance. If that sounds like you, it is worth a quick search.

Watch out for people who charge a fee

Some companies, sometimes called tracers, offer to find your refund for a cut of the money. You do not need them. The official HUD search and claim process is free.

HUD mails qualified homeowners a form called the HUD-27050-B. If you received one directly from HUD, that is part of the real process. Be careful with anyone who contacts you out of the blue and asks for payment or sensitive details.

OpenFinancial is not a bank or a government agency. We just point you to the free, official path. We cannot get your money faster, and no honest service can promise a guaranteed amount.

Frequently asked questions

How much could my refund be?

HUD does not list a set amount. The refund depends on your old FHA loan. The only way to know is to check the official HUD system for free.

Do I have to pay to find my refund?

No. The official HUD search and claim process is free. You do not need to pay a tracer or any middleman to claim money that is yours.

What is the HUD-27050-B form?

It is the form HUD mails to qualified homeowners to process a refund. If you received one directly from HUD, follow its instructions.

I sold my home years ago. Can I still check?

Yes. Refunds relate to a previously owned FHA-insured property. It is worth searching the official HUD system to see if you are listed.