FHA Mortgage Insurance Increase

By
Mortgage and Lending with Alpine Mortgage Planning

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.

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