fha: FHA Drops Upfront Mortgage Insurance Premium To 0.01% For Qualified Borrowers
- 03/08/12 11:23 PM
The FHA is making more changes to its flagship FHA Streamline Refinance program. Beginning mid-June 2012, certain current, FHA-backed homeowners will be able to refinance their existing FHA mortgage into a new one, without having to pay the government-backed group's new, costly mortgage insurance premium schedule. Earlier this week, the FHA rolled out its new MIP schedule. Beginning April 9, 2012, new FHA mortgages are subject to a 1.75% upfront mortgage insurance premium (UFMIP) and an annual mortgage insurance premium of up to 1.25% for loan sizes up to, and including, $625,500; or 1.60% for loan sizes exceeding $625,500. Upfront MIP (2 comments)
This 4 bedroom house for sale in Cave Creek School District Tatum Ranch is perfect for your family. 2165 sq ft two story cul-de-sac home has a large backyard with a play area. You’ll love cooking in your beautifully updated kitchen with granite countertops, tumbled travertine, stunning cabinetry, and stainless appliances. A conveniently located walk-in pantry provides generous space for all of your cooking staples, soups and snacks. This 4 bedroom house for sale in Cave Creek School District Tatum Ranch is a traditional sale so you can pack the moving van and get settled before the school year starts! (1 comments)