by The 2 Mortgage Guys | Mar 4, 2011 | First Time Homebuyers, Government, Indiana Mortgage Blog, Program Changes
For the third time in 12 months, the FHA is changing its mortgage insurance costs. Effective for all FHA case numbers assigned on, or after, April 18, 2011, annual mortgage insurance premiums (MIP) will increase 25 basis points. Current FHA borrowers are...
by The 2 Mortgage Guys | Sep 2, 2010 | Indiana Mortgage Blog, Program Changes
Effective for FHA loans for which the case number is assigned on or after October 4, 2010 the Upfront Mortgage Insurance will decrease from 2.25 to 1.00 (100 basis points) on most FHA insured loans except Home Equity Conversion (HECM – “reverse mortgage”). Chances are...