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FHA Mortgage Insurance Update

Check out the new mortgage insurance premiums for 2011.   FHA is raising the annual mortgage insurance premiums by .25 basis points for all fha loan with case numbers assigned on or after April 18, 2011.   The upfront mortgage insurance premium will remain at 1% (for the time being).  

If you are planning on getting a FHA home loan any time soon, you may want to start the process before April 18th, 2011 to save yourself some money!

Below is a table the explains how the increase in mortgage insurance is applied by term and LTV:

FHA Annual Mortgage Insurance Premiums for 2011

FHA Annual Mortgage Insurance Premiums for 2011

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Written by fhamortgagelenderstexas

March 15, 2011 at 11:39 am

Posted in FHA Mortgage Loans

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