Tag Archives: Up Front MIP

FHA is Changing Rules and the Scope of Qualifying for Buyers

Recent announcements by FHA will have impacts on our spring time (and beyond) buyers.  The rules mean more money down and higher payments, here’s the scoop:

Beginning April 1, 2010 the Upfront MIP is increasing from 1.75 to 2.25.  (MIP is the Mortgage Insurance Premium that all buyers using an FHA loan get to pay, up [...]

Posted in Real Estate Tips for the Wise | Also tagged , , | 2 Comments
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