I thought I would share some recent news concerning the FHA program. Beginning April 5, 2010 the upfront mortgage insurance premium (MIP) is being raised from 1.75% of the base loan amount to 2.25%.
More:
FHA Mortgage Insurance to Increase April 5 2010
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on Friday, February 5th, 2010 at 5:12 pm and is filed under FHA, FHA Refinance.
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Effective for FHA case numbers assigned on or after April 5, 2010, FHA will collect an upfront mortgage insurance premium of 2.25%. This policy change will increase premiums for purchase money and refinance transactions, including FHA ...