FHA Mortgage Insurance will increase for all case numbers assigned on or after April 1st, 2012.
Upfront premiums (UFMIP) will increase by .75 percent to a total of 1.75 percent.
Annual mortgage insurance premiums (MIP) "monthly" will increase by .10 percent, to a total of 1.20-1.25 percent depending on the LTV, for loans amounts up to $625,000.00, and by .35 percent for loan amounts above $625,000.00.
Make sure your borrowers are still pre approved at these higher premiums, and avoid any last minute surprises.
Call me today and I can get your case numbers assigned before the increase takes effect.