FHA Mortgage Insurance

Posted Leave a commentPosted in FHA Loans, Loan Progams, Mortgage Knowledge

2015 FHA Mortgage Insurance The one thing you can count on when it comes to the mortgage industry is change.  Change in mortgage interest rates, change in loan guidelines, change in loan programs, etc.  Changes in FHA Mortgage Insurance are no exception. Today marks a milestone for FHA Mortgage insurance premiums.  Effective with case numbers […]

Changes to FHA Mortgage Insurance Premiums

Posted Leave a commentPosted in FHA Loans, Mortgage Knowledge

Changes to FHA Mortgage Insurance Premiums expected The white house announced today that it has directed the Federal Housing Administration (FHA) to reduce the annual FHA Mortgage Insurance Premiums by 0.5% from 1.35% to 0.85%. The change in policy could mean increased affordability for some homeowners. Let’s look at one possible scenario to compare how a monthly […]

No, not an April Fools joke-Changes to FHA Mortgage Insurance

Posted Leave a commentPosted in Buyer Tips and Advice, FHA Loans, Loan Progams, Mortgage Knowledge

No, not an April Fools joke. Changes to FHA Mortgage Insurance are effective today, April 1, 2013 The changes to both the length and amount of the annual Mortgage Insurance were announced in Mortgagee Letter 2013-04. There changes FHA Mortgage Insurance are being released in two stages.   The first batch of changes will apply to […]

Big Changes coming to FHA Mortgage Insurance

Posted Leave a commentPosted in FHA Loans, Mortgage Knowledge

HUD announced that big changes are coming to the FHA Mortgage Insurance terms. The upcoming changes to both the lenght and amount of the annual MIP were announced inMortgagee Letter 2013-04. There are two deadlines we all need to be aware of affecting the new terms for FHA Mortgage Insurance. The first batch of changes […]

Changes to FHA Mortgage Insurance for some refinances

Posted Leave a commentPosted in FHA Loans, Mortgage Knowledge

FHA announced changes to Mortgage Insurance for FHA Streamline Refinances The newest Mortgagee Letter issued by HUD on 3/6/12 not only addressed the upcoming general changes to mortgage insurance premiums previously accounced in a press released, but also included changes on the mortgage insurance premiums for certain FHA Strealine Refinances. In the past, any refinance, […]