fha: FHA to Raise Mortgage Insurance Premiums in April
- 02/28/12 03:03 AM
FHA to Raise Mortgage Insurance Premiums in April In an effort to repair the health of its emergency fund, the Federal Housing Administration will raise mortgage insurance premiums this April. The FHA upfront mortgage insurance premium will jump from 1% to 1.75% of the base home loan amount. This will apply regardless of the term of the loan or the loan-to-value ratio beginning in April. The annual mortgage insurance premium will increase by 10 basis points for loans under the $625,500 limit beginning April 1 and by 35 basis points for home loans over $625,500 starting in June, the FHA reported Monday. Authority for … (1 comments)
Related Links:
The Kleen Realty Group Temecula, Murrieta, CA Short Sales
FHA to Raise Mortgage Insurance Premiums in April 
;)
;)
