How Long Does an MIP Conviction Stay On Your Record? An MIP conviction stays on your criminal record forever, unless you hire an attorney to expunge it.

Is MIP a criminal offense?

A minor in possession, or MIP, is a criminal offense that occurs when a person is found to be in possession of alcohol before they are of the legal age of 21. MIP can also refer to a minor in possession of drugs or other illicit substances, but most typically refers to the possession of alcohol.

How do I get out of my MIP?

Depending on your down payment, and when you first took out the loan, FHA MIP usually lasts 11 years or the life of the loan. MIP will not fall off automatically. To remove it, you'll have to refinance into a conventional loan once you have enough equity.