Real estate blog entries tagged with premium by Brad Yzermans - Murrieta, Temecula, & Menifee FHA-USDA Mortgage Loan Officer (Experienced Lender for FHA, USDA & VA home loans)

Channels
Consumer
Professional
States
USA
- AL
- AK
- AZ
- AR
- CA
- CO
- CT
- DE
- DC
- FL
- GA
- HI
- ID
- IL
- IN
- IA
- KS
- KY
- LA
- ME
- MD
- MA
- MI
- MN
- MS
- MO
- MT
- NE
- NV
- NH
- NJ
- NM
- NY
- NC
- ND
- OH
- OK
- OR
- PA
- RI
- SC
- SD
- TN
- TX
- VI
- UT
- VT
- VA
- WA
- WV
- WI
- WY
Canada
- AB
- BC
- MB
- NB
- NL
- NT
- NS
- NU
- ON
- PE
- QC
- SK
- YN

Home : Blogs : Brad Yzermans - Murrieta, Temecula, & Menifee FHA-USDA Mortgage Loan Officer : Brad Yzermans - Murrieta, Temecula, & Menifee FHA-USDA Mortgage Loan Officer's Blog : Tag "premium"

premium: FHA Mortgage Loan Insurance Changes for Homebuyers in California's Inland Empire, Temecula, Corona, Riverside, Murrieta & Menifee - 08/13/10 12:40 AM

HUD recently announced that starting October 4th (recently delayed), FHA is reducing the amount to be collected for their Up Front Mortgage Insurance Premium (UFMIP). However, FHA will also increase how much they collect on their Annual Mortgage Insurance Premium (MIP - collected monthly) for California's Inland Empire (Riverside & San Bernardino County) home buyers.
Confused? FHA's insurance is a ‘split' premium type of mortgage insurance designed to protect the lender from loss. FHA collects some up front (UFMIP) and some on a monthly (MIP) basis. Don't confuse this with your fire/hazard type homeowners insurance which is completely different than FHA's mortgage insurance.
… (3 comments)

Related Links:

Brad Yzermans - Murrieta, Temecula, & Menifee FHA-USDA Mortgage Loan Officer

Murrieta, CA

More about me…

Experienced Lender for FHA, USDA & VA home loans

Office Phone: (951) 215-6119

Cell Phone: (951) 491-5330

Email Me

Listings

Links

Archives

Find CA real estate agents and Murrieta real estate on ActiveRain.

Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.