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Home : Blogs : Jerry Wright MLO 181458 : Jerry Wright MLO 181458's Blog

MI for FHA almost Doubling Oct 4th!

Effective October 4^th the monthly MI for FHA will be almost doubling. It is currently at .55% and will go up to .90%. So on a sales price of $200,000 this would move the payment up $56 per month. So your clients may not qualify for the amount they are currently shopping for.

I thought you would like to know this change is coming. So if you can find a house before October 4^th you will save your clients money.

Posted by Jerry Wright MLO 181458 on 09/30/2010 11:44 AM

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Jerry Wright MLO 181458

Marysville, WA

More about me…

Absolute Mortgage

Address: 3503 188th ST SW, Lynnwood , WA, 98036

Office Phone: (425) 771-2349

Cell Phone: (425) 238-2095

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***MI for FHA almost Doubling Oct 4th!***

MI for FHA almost Doubling Oct 4th!