FHA Mortgages

Higher (And Lower) FHA Mortgage Insurance Premiums Start October 4, 2010

August 13, 2010 by admin · Leave a Comment 

Beginning with FHA case numbers issued on or after October 4, 2010, the FHA is changing its upfront and annual mortgage insurance premium structures.

FHA Mortgage Insurance Premiums Approved To Triple In Cost

June 11, 2010 by admin · Leave a Comment 

Starting sometime later this year, the monthly cost to carry an FHA-insured mortgage is expected to rise.
In a near-unanimous vote, the House of Representatives gave the FHA power to raise the monthly mortgage insurance premiums it charges to its borrowers.
Currently, monthly mortgage insurance premiums are 0.55% of the unpaid loan balance, divided by 12.  [...]