There are newer rules concerning FHA 15 year loans and your Mortgage Insurance Premium.

FHA mortgage insurance might be permanent if you received your loan on or after June 3rd, 2013(citation)

If the loan case number was pulled before June 3, 2013 the MIP requirement is for a minimum of 5 years, or when the loan balance is paid down to 78% of appraised value at the time the loan was funded.

After June 3, 2013 the MIP requirement is an eleven year minimum (replacing the 5 year rule); if you put more than 10% down or obtained a 15-year term loan.

For loans where only the minimum downpayment was paid (3.5%) and the term of the loan exceeds 15 years, MIP will be required for the life of the loan.

To find out when you are eligible to remove the FHA MIP contact me today.