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FHA Upfront Mortgage Insurance Premium Increases!!!

Mortgage and Lending with Guild Mortgage Company

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 required to re-disclose to increase the UFMIP to the borrower within 3 days of the change circumstance event, or no later than April 8, 2010 to comply with Regulation X.


  • FHA programs NOT impacted by the new UFMIP factors at this time are:

•-         248 Indian Reservations

•-         247 Hawaiian Homelands


Heather Burns

Home Mortgage Consultant

Guild Mortgage Company

425-945-8035 Office

206-714-3522 Cell

206-577-2901 Efax