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Annual Premiums:
FHA will increase its annual
mortgage insurance premium (MIP) by
0.10 percent for loans under
$625,500 and by 0.35 percent for
loans above $625,000.
For FHA traditional purchase and
refinance products, the annual
premium, shown in percentage
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
for loan amounts under $625,000: For
loan amounts larger than $625,000,
view the full mortgagee letter
below.
|
LTV Ratio |
Annual Premium for over 15
Years and up to 30 Years |
LTV Ratio |
Annual Premium for Loans
15 Years and Under |
|
95.00% and Under |
1.20% |
78% and under |
0.00% |
|
95.01% and Over |
1.25% |
90.00% to 78.01% |
0.35% |
|
|
|
90.01% and Over |
0.60% |
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.
Read the full
FHA Mortgagee Letter (pdf)
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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