- Purchase Money Mortgages and
Full-Credit Qualifying
Refinances = 2.25 percent
- Streamline Refinances (all
types) = 2.25 percent
- HOPE for Homeowners
(Delinquent Mortgagors) = 2.00
percent
- Home Equity Conversion
Mortgages = 2.00 percent
Annual Premiums:
Annual premiums will not change at
this time.
For FHA traditional purchase and
refinance products, the annual
premium, shown in basis points
below, is to be remitted on a
monthly basis, and will be charged
based on the initial loan-to-value
ratio and length of the mortgage
according to the following schedule:
|
LTV Ratio |
Annual Premium for 15
Years and up to 30 Years |
LTV Ratio |
Annual Premium for Loans
Under 15 Years |
|
95.00% and Under |
0.50% |
90.00% and Under |
NONE |
|
95.01% and Over |
0.50% |
90.01% and Over |
0.25% |
How long will I have monthly
FHA mortgage insurance? Years will be determined when the
loan balance equals 78% of the initial
sale price or appraised value, which
ever is lower, provided the mortgagor
has paid the annual
mortgage
insurance premium for at least 5 years
(refer to
HUD 92900)
Additional FHA information
FHA Mortgage Insurance Case Number
Assignment Date Chart (pdf)
Search FHA Maximum County Mortgage Limits by State
Current FHA Mortgage
Rates
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Recent blog posts:
2010 FHA Mortgage Insurance Premiums
January 31, 2010
For cases assigned on or after April
5, 2010 FHA has increased Upfront
Mortgage Insurance Premiums (“UFMIP”)
for most FHA programs to 2.25
percent. Purchase money and full
credit qualifying refinance
transactions have increased from
1.75 percent to 2.25 percent.
Streamline refinances, with or
without an appraisal, have increased
from 1.50 percent to 2.25 percent.
The UFMIP for HECM (reverse
mortgages) will remain at 2.00
percent.
Read the rest of this entry »
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