2010: FHA Upfront Mortgage Insurance Premium Increases!!! - 03/25/10 06:19 AM
FHA is increasing the upfront mortgage insurance premium!
Currently on FHA loans 1.75% is collected, effective on or after April 5, 2010, FHA will collect an upfront mortgage insurance premium (UFMIP) of 2.25%. This policy change will increase premiums for purchase money and refinance transactions, including streamline refinance transactions.
Applications that do not have an FHA case number assignment date prior to April 5, 2010 will be subject to the new up front mortgage insurance premium (UFMIP) factors.  
Applications that are disclosed with the lower UFMIP factors and do not have a case number assignment date prior to April 5, 2010 will be … (0 comments)

 

Heather Burns

Kirkland, WA

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Guild Mortgage Company

Address: 150 120th Ave NE STE #200, Bellevue, WA, 98005

Office: (425) 945-8035

Mobile: (206) 714-3522



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