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