FHA Changes coming in April to Monthly Mortgage Insurance for FHA loans

By
Mortgage and Lending with Cherry Creek Mortgage Co
FHA Changes coming in April to Monthly Mortgage Insurance for FHA loans Mortgagee Letter 11-10 Effective April 18th the Annual Mortgage Insurance will increase 25 basis points. 30 YEAR Term Mortgage LTV 95% and above: Current 90 BPS April 18th 115 BPS LTV 95% and below: Current 85 BPS April 18th 110 BPS 15 YEAR Term Mortgage LTV 90% and above: Current 25 BPS April 18th 50 BPS LTV 90% and below: Current none April 18th 25BPS
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Comments (2)

Mark Taylor Mortgages
and for 1st Time Buyers, Move Up Buyers & Investors - Scottsdale, AZ
602-361-0707 #MarkTaylor #Awesomerates NMLS#207897

Very nice job finally a originator who gets it and can show it well done

Feb 23, 2011 01:05 PM
Andres Munar
Keystone Alliance Mortgage - State College, PA
Experience The Difference

it will only get worse before it gets better. Great  job on the video so people can see exactly how it can affect them.

Feb 23, 2011 01:58 PM