usda mortgage insurance: New Monthly Mortgage Insurance For USDA Loans October 1, 2012 - 08/21/12 02:54 AM
New USDA Mortgage Insurance  

As of October 1, 2012 the annual MI on all USDA loans is increasing from .3% to .4%. This should not be a huge concern as the rate is still relatively low especially compared to FHA which is at 1.25%.
On a 200k loan the usda monthly mortgage insurance will go from $50 per month to $66.67 per month a difference of $16.67. The up front MI will stay the same at 2% for new purchase.
USDA Refinance  
On USDA Refinances (which are currently out of funds until at least October 2012) will also … (18 comments)

usda mortgage insurance: USDA loan monthly mortgage insurance is coming! - 09/12/11 12:00 PM
USDA loan monthly mortgage insurance Get ready for some upcoming changes to USDA mortgages. They are for the first time incorporating monthly mortgage insurance and its going to have an effect on how much you can borrow. The bad news is that your payment will increase however its not all bad.
USDA mortgage insurance details: The USDA monthly mortgage insurancefor new USDA loans after October 1, 2011 will be .3% annually. The up-front mortgage insurance premium is going from 3.5% back to 2%.
What does this mean to you? It means that although the up front premium is going down 1.5% … (12 comments)