Real estate blog entries tagged with spokane first time home buyer by Spokane Home Loan -- Casey Brischle -- Mortgage Professional (Columbia Bank)

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Home : Blogs : Spokane Home Loan -- Casey Brischle -- Mortgage Professional : Casey's Blog : Tag "spokane first time home buyer"

spokane first time home buyer: Quick FHA Update - 03/05/10 02:53 PM

Upfront MIP changing from 1.75% to 2.25%
I just wanted to let everyone know that the FHA change in upfront Mortgage Insurance Premium is quickly approaching!! April 5th is the date that FHA raises the upfront premium from 1.75% to 2.25% of the loan amount. 1/2 a percent increase is pretty significant and should motivate buyers to focus in - Simple math on a $200k loan the borrower will be looking at an extra $1,000.00 in Mortgage Insurance Premium!! The key to avoiding this hike is to get your FHA buyer under contact prior to 4/5/10 so that an FHA case number can … (3 comments)

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Spokane Home Loan -- Casey Brischle -- Mortgage Professional

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