upfront mortgage insurance premium: 640 Is Becoming the New 620 for FHA Mortgages Starting Tomorrow!!!!!
- 10/03/10 11:30 AM
Several changes to FHA loans will take effect tomorrow, October 4, 2010. The Upfront Mortgage Insurance Premium will be reduced by about 55% on many loans. All FHA loans will see the monthly mortgage insurance premiums rise by around 60%. More on this at: HUD Announces Changes to FHA Mortgage Insurance Premiums - Effective October 4, 2010 Starting tomorrow, for the very first time, HUD also has credit score minimums that will go into effect. Prior to tomorrow, HUD has never had a credit score minimum. Lenders, however, have their own minimum credit score requirements. More on this at: Before You Get Too (0 comments)