Up Front MIP Increase

Real Estate Broker/Owner with REMAX Associates of El Paso

For those of you that haven't got the word - HERE WE GO!  After April 5, 2010, all new FHA loans will have an up-front premium of 2.25% (up from 1.75%).  It just got more expensive to close.  Another "great" governmental move to "open up the housing market."