FHA Loans Announcement: Increase in upfront premiums for FHA mortgage insurance starts April 5, 2010

By
Mortgage and Lending with Nima Rezvan Prosper First Funding Corporation NMLS#110681 NMLS#110681

 FHA UPDATE  FHA UPDATE

On January 21, 2010; the federal housing commissioner announced news about the increase in upfront premiums for FHA mortgage insurance.  Effective for FHA loans for which the case number is assigned on or after April 5, 2010, FHA will collect an upfront MIP or Mortgage Insurance Premium of 2.25%.  This will be an increase of 0.50% from current MIP of 1.75%.

If you have any FHA questions please feel free to email me at: nima@concorde.bz

Nima Rezvan

Executive Mortgage Banker

Blackberry: 203.913.6016

Email: nima@concorde.bz

Website: http://www.NimaLoans.com

 

Comments (4)

Michele Connors
The Overton Group, LLC Pitt & Carteret County - Greenville, NC
Your Eastern North Carolina Realtor

Hey Nina !  Cant you stop in and tell us some good news ! Lets get that money flowing again, seems each change that comes along puts another nail in the home buying coffin !

Jan 30, 2010 12:10 AM
Adam Malachi
A 2 Z Realty LLC - Castle Rock, CO
QSC,CDPE,CIPS,CNE,CRB,CRS,GRI,MRE,SFR

Excellent post! Very good information's!

Thanks for sharing,

Adam

May 19, 2010 09:43 AM
Luke Constantino
Brooklyn/Manhattan Real Estate - Brooklyn, NY
Residential/Commercial Real Estate Brooklyn NY

"Excellent post! Very good information's!"

Hahahahaha! You still here Nima? Put up a post already!!!

Jan 06, 2011 06:38 AM