FHA Mortgage Insurance Changes Next Week – Here Are The Numbers…

I wanted to remind you that FHA’s mortgage insurance is changing next Monday (October 4^th). 

It will be lower annually, and a little higher monthly.

 

Here is the new Mortgage Insurance schedule for FHA for all case numbers pulled after October the 4^th…

 

Loan Term	LTV	Up Frot MIP	Monthly MIP
30 Yrs	<95%	1.00%	0.85%
30 Yrs	>95%	1.00%	0.90%
15 Yrs	<90%	1.00%	None
15 Yrs	>90%	1.00%	0.25%

 

 

I also wanted to remind you to check out this special report I wrote – it will come in handy if you need help paying closing costs on your next purchase…

 

http://loansdonequickly.com/?page_id=358

 

Use the code (lighthouse) to open this exclusive report.

 

I hope you have a good day today, and a good week.  Thanks for reading!

Brett