FHA Home, Recent News

New FHA Risk Premium

July 17, 2008 by Loan Officer · Leave a Comment

Credit Rating:
Type of Loan:
Property State:

Refinance

Step 1 of 2 You are almost there.

Estimated home value:
Current Balance:
Current Interest Rate:
Loan Type:
Additional Cash Desired:
Email Address:
Daytime Phone:
Evening Phone:

The FHA UFMIP – Up Front Mortgage Insurance Premiums have changed, may surprise a lot of borrowers with a low down payment & credit score. The new Annual MIP will be from 0.50% to 0.55%. The highest UFMIP will be at 2.25%, and pay 0.55% in the Annual MIP.

Make sure to read about the New FHA Risk based Premium

Tagged: based, fha, HUD, MIP, new, premiums, risked, ufmip

Comments are closed.

Affordability Calculator

Monthly Gross Income	$
Monthly Debt Expenses ^[?] Monthly Debt and Obligations Should Include: Monthly Credit Card Payments Monthly Auto Payments Monthly Child Support Monthly Association Fees Other Monthly Obligations, but NOT utility bills.	$
Down Payment:	$
Interest Rate:	%

Closing Cost Estimator

Loan Information
Loan Amount	$
View/Edit Closing Cost Details

Name:
Email:
Phone:
Loan Amount:
Questions or Comments:

Annual Income:
Time with Employer:
First Name:
Last Name:
City:
State:
Zip:

Home will be used for:
First time buyer:
Purchase Price:
Estimated down payment:
Timeframe for purchase:
Email Address:

Annual Income:
Time with Employer:
Daytime Phone:
Evening Phone:
Best time to contact:

First Name:
Last Name:
City:
State:
Zip:

NC Mortgage Rates

FHA Home, Recent News

New FHA Risk Premium

Mortgage Calculator

Affordability Calculator

Monthly Debt and Obligations Should Include:

Closing Cost Estimator

Price of Home	$
Down Payment		%
Mortgage Term		yrs
Interest Rate		%
Monthly Payment	$

Traditional Closing Expenses
Discount Points
Origination Fee	%
Lender Processing Fees	$
Credit Report	$
Appraisal	$
Title Insurance	$
Reconveyance Fee	$
Recording Fee	$
Wire and Courier Fees	$
Endorsement Fee	$
Title Closing Fee	$
Title Document Prep Fee	$
Other Fees	$