Maryland FHA Mortgage Insurance

On May 26, 2011, in Home Buying Process, Mortgage Programs, by Bill Sohan

* Disclaimer – all information in this article is accurate as of the date this article was written * The Maryland FHA Mortgage Insurance Premium is an important part of every FHA loan. There are actually two types of Mortgage Insurance Premiums associated with FHA loans in Maryland: 1.  Up Front Mortgage Insurance Premium (UFMIP) [...]

Did you hear about the changes to New Jersey FHA Mortgage Insurance Premiums

On May 22, 2011, in Mortgage Programs, by Tony Croft

On August 11, 2010, bill HR 5981 was signed into law. What are the effects on prospective home buyers? Here is a brief summary: Hip Hip hooray!!! – If you are currently looking at an FHA loan with a value of $250,000, your closing costs will go down due to a decrease in the Upfront [...]

Understanding the FHA Mortgage Insurance Premium on your Rhode Island mortgage.

On March 15, 2011, in Tips And Advice, by Lynda Mckenzie

Understanding the FHA Mortgage Insurance Premium (MIP) * Disclaimer – all information in this article is accurate as of the date this article was written * The FHA Mortgage Insurance Premium is an important part of every FHA loan.                                 There are actually two types of Mortgage Insurance Premiums associated with FHA loans: 1. Up Front [...]

FHA Mortgage Insurance Increases Yet Again in Harleysville, PA!

On February 20, 2011, in Tips And Advice, by Jason Klaskin

If you are in the market to buy a home using the government’s FHA program it is important to note that April 2011 brings another increase in the cost for the annual mortgage insurance premium.

Delaware FHA Monthly Mortgage Insurance Increasing April 18th

On February 16, 2011, in Mortgage News, by John R. Thomas

Delaware FHA Monthly Morgage Insurance is being increased by HUD on April 18th by a 0.25%.   HUD made the annoucement with the release of mortgage letter 11-10.  The current monthly mortgage insurance is calculated using the annual premium which is currently 0.9% for 30 year Delaware FHA loans that have a loan-to-value (LTV) of 95% or [...]