hud: FHA Mortgage Insurance Premiums to Increase... AGAIN! - 03/20/11 01:22 PM
The U.S. Department of Housing and Urban Development (HUD) is at it again.  For the second time in just six months, FHA will be increasing their mortgage insurance premiums.  As of April 18, 2011 home buyers that were going the FHA route may not be able to buy as much home.  Even if qualifying ratios aren’t an issue, monthly payments for an FHA loan will definitely become more expensive.
The annual insurance premium, currently ranging from .85% to .90%, (depending on the down payment) after April 18th will range from 1.10% to 1.15%.  

PRE - April 18, 2011
Purchase Price:  … (1 comments)

hud: Changes to FHA Mortgage Insurance Premiums - 09/04/10 02:41 AM
By now most have heard the news about the U.S. Department of Housing and Urban Development (HUD) making some significant changes this week that affect FHA loans.  HUD released a Mortgagee Letter earlier this month detailing changes to FHA's Mortgage Insurance Premiums.  According to the letter, these changes will apply to all FHA loans with case numbers assigned on or after October 4, 2010.
HUD has decided to raise FHA's annual mortgage insurance premium (collected on a monthly basis) and correspondingly lower FHA's upfront mortgage insurance premium (collected on the "front" end of the loan), except for Home Equity Conversion Mortgages (HECM).
The annual insurance premium, … (1 comments)

Craig Berry (Bay Equity LLC. Georgia Residential Mortgage Licensee. GA-MLO 40074. NMLS ID 200401.)

Craig Berry

Marietta, GA

More about me…

Bay Equity LLC. Georgia Residential Mortgage Licensee. GA-MLO 40074. NMLS ID 200401.

Address: 11475 Great Oaks Way, Suite 350, Alpharetta, GA, 30002

Office: (770) 744-2821

Mobile: (404) 642-6700

Email Me

Atlanta Mortgage Professional Blog about current mortgage and real estate events. From interest rates and loan programs, to whether or not now is a good time to buy a home, check out my postings for the most up-to-date and accurate information on local and national mortgage-related matters.



RSS 2.0 Feed for this blog