Increase in FHA loan upfront mortgage insurance premiums

PRESS RELEASE:

Effective today, April 5, 2010, the upfront mortgage insurance premium collected on FHA purchases and refinances has increased from 1.75% to 2.25%
Visit this site to learn more about mortgage insurance premiums.
FHA loans can be a great loan for many buyers. They offer low down payments, low closing costs and easy credit qualifying for many buyers.
If you or anyone you know is looking to buy a home - or sell a home - please let me know. I'm here to help you!

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