Monthly Archives: February 2012

FHA loan changes

FHA loans will be┬áraising the upfront mortgage insurance from 1% of the base loan amount to 1.75% and the monthly mortgage insurance premium will be raised .10 on all loans April 1st. They are raising these premiums to boost the … Continue reading

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FHA loans getting more expensive

FHA loans with the minimum 3.5% downpayment are going to require a more expensive monthly mortgage insurance effective April 1, 202. On a $100000 sale price with 3.5% downpayment, it’ll raise the monthly payment $8.04. Just another reason for buyers … Continue reading

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