FHA Mortgage Loans Get Updated Mortgage Insurance Premiums

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Education & Training

This just in... FHA Mortgage Insurance Premiums are going to CHANGE effective July 14, 2008.  The change is designed to shift the burden of the FHA Mortgage Insurance costs to the higher risk borrowers.  Basically, borrower characteristics showing the highest instance of default will pay higher premiums and vice-versa. 

FHA Mortgage Loans where the borrower has a 680+ score will actually pay a little less for the up front mortgage insurance premium.

I'll post a chart once I have it in my hands.

Paul Dunn
Tucson's #1 FHA Mortgage Loan Originator

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Paul Dunn

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