ARCHIVED BLOG POSTS
Increase in Upfront Premiums for FHA Mortgage Insurance A new HUD Mortgagee Letter 2010-02 was issued today - see link below. This ML makes the following changes: Effective April 5, 2010, the UFMIP (Upfront Mortgage Insurance Premium) will increase from 1.75% to 2.25% The annual premiums (monthl...
If the USDA Rural Housing loan applys to your area, make sure you are working with a local lender who will offer this product to your client as a possible mortgage option. Additional benefits with USDA Rural Housing: Can be used in conjunction with MSHC Homebuyer Advantage Grant Flexible credit g...