denver real estate: FHA Mortgage Insurance Premiums are going to change.
- 03/13/13 05:47 AM
FHA Mortgage Insurance Premiums are going to change. Looking to buy a home? Getting a FHA Loan? Here are some changes upcoming that will effect your mortgage insurance premiums. Many are not aware of the changes and you still have time to save some $$$! Here are the effective dates for the upcoming HUD/FHA MIP changes: · New transactions after April 1, 2013: The annual MIP factor will increase from 1.25% to 1.35% for standard 30 year loans with minimum down payment (3.5%). With 5.0% down the MIP factor increase from 1.20% to 1.30%. · New transactions after June 3, 2013: (2 comments)