Saturday, February 16, 2013

Mortgage Topics: Changes to FHA Mortgage Insurance Premium (MIP)

There are changes coming to the Federal Housing Administration (FHA) mortgage insurance premiums (MIP) and Moving Forward TV shares the upcoming changes and other great FHA loan information in the following YouTube video. Some of the dates to watch for are April 1st, 2013 FHA MIP annual rate will increase by 0.10 percent for loans under $625,500 and 0.05 percent for loans greater than $625,500. Effective on June 3, 2013, loans with FHA case numbers that are assigned after this date will be subject to the new duration limits for MIP. Read more at http://portal.hud.gov/hudportal/documents/huddoc?id=13-04ml.pdf





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