HUD Green MIP Reduction

Are Green MIP Reductions Available for HUD 232 Loans?

Are Green MIP Reductions Available for HUD 232 Loans?

Unfortunately, HUD's Green MIP Reduction program is not currently available for HUD 232 and HUD 232/223(f) loans. The program, which is currently available for HUD 223(f) loans acquisition and refinancing loans, HUD 221(d)(4) construction and substantial rehabilitation loans, and HUD 223(a)(7) refinancing, permits an annual MIP reduction to 0.25% for properties that have made significant energy efficient improvements.