FHA loan changes

FHA loans will be raising 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 Federal Housing Adminstration’s emergency fund.

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About lizschneider66

Mortgage consultant with over 18 years experience. First time buyers, move up buyers, construction, FHA/VA, Jumbo loans, investment property purchases, & refinances- I will find the solution to financing the American dream of homeownership! Subscribe to my blog and never miss any mortgage industry news.
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