FHA Annual Premiums Updated
Posted on April 11, 2011
Desiree Yuzawa
- Loan Officer | Lic #: MLO-85375
- Phone: 425.635.4782
- desireey@legacyg.com
- clear employee
Do you have an FHA buyer who is sitting on the fence waiting for prices to move down? If so, do they know that the FHA annual mortgage insurance premimums are increasing by .25%? This will effect the monthly payment and ultimatly the buyers monthly debt load. Take a look at the chart below for additional details and follow the link to see the benefits of buying.
|
Mortgage Insurance Premiums |
||
|
Loans > 15 years |
||
|
UFMIP = 100 bps |
Annual Premium |
|
|
LTV |
Through 4/17/2011* |
On/After 4/18/2011** |
|
≤ 95.00 percent |
85 bps |
110 bps |
|
> 95.00 percent |
90 bps |
115 bps |
|
Loans ≤ 15 years |
||
|
UFMIP = 100 bps |
Annual Premium |
|
|
LTV |
Through 4/17/2011* |
On/After 4/18/2011** |
|
≤ 90.00 percent |
None |
25 bps |
|
> 90.00 percent |
25 bps |
50 bps |
|
*For case numbers assigned on/before April 17, 2011 |
||
© 2007-2012 The Legacy Group, Inc. NMLS ID #4455
Legacy Group is and Equal Housing Lender, Licensing information can be found on our Licensing page.
