ohio: FHA Changes Coming - 03/06/12 03:48 PM
FHA changes are coming. Are you in the know? 
John Periatt with Evolve Bank & Trust shared with us that the following changes will take effect for all FHA transactions with case numbers on or after April 1, 2012: The UpFront Mortgage Insurance Premium (UPMIP) will increase from 1.0% to 1.75% and the Monthly Mortgage Insurance Premium (MIP) will increase from 1.5 to 1.25 for all LTV's (Loan to Value) greater than 95%
The case numbers are assigned to a specific property, not the borrower.  The case number will be good for a total of 180 days.
How will these changes affect FHA buyers?  … (2 comments)

 
Donna Drake (Keller Williams Realty Associate Partners)

Donna Drake

West Chester, OH

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Keller Williams Realty Associate Partners

Address: 7395 Kingsgate Way , West Chester, OH, 45069

Office Phone: (513) 759-1106

Cell Phone: (513) 476-8784

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