FHA Raises Their Mortgage Insurance for 2012

The pinnacle and driving force of an FHA loan in Arizona and California is the Mortgage  Insurance or most commonly known as "MI".  Most people do not make the connection and know the difference from any other loan  in Arizona and California.  FHA's flexible lending guidelines allows lenders to approve loans to its segment of the market simply because the loans are insured by FHA which is funded by the MI that an Arizona and California homeowner pays monthly and the Upfront Mortgage Insurance Premium the FHA charges the borrower. Go here for more information on FHA Increasing their mortgage insurance