Real estate blog entries tagged with fha information by Craig Bland (Brand Mortgage )

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Home : Blogs : Craig Bland : Craig Bland's Blog : Tag "fha information"

fha information: Increase in Upfront Premiums for FHA Mortgage Insurance - 01/22/10 02:17 PM

ML 2010-02: Increase in Upfront Premiums for FHA Mortgage Insurance (01/21/10)
First-Time Homebuyer with HUD-Approved Pre-Purchase Counseling
The National Housing Act, as amended by the Housing and Economic Recovery Act in 2008, authorizes upfront premiums of up to 3.00 and authorizes premiums of up to 2.75 percent for first-time homebuyers who complete HUD-approved pre-purchase counseling. Since the upfront premium rate of 2.25 percent remains below the statutory cap, no variable rate for counseled first-time homebuyers is provided for under this Mortgagee Letter.
If you should have any questions concerning this Mortgagee Letter, call 1-800-CALLFHA. Persons with hearing or speech impairments may … (2 comments)

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