Posted on: 01st Mar, 2012 12:41 am
I received an email from my builder's agent informing me that the upfront and monthly mortgage insurance premiums for FHA mortgages will be going up effective April 1, 2012. Has anyone heard about this?
Hi Nelson,
You have received the correct information. It is true that FHA has decided to increase its insurance premiums effective from 18th of April, 2012: "http://seattlecondosandlofts.com/2011/03/fha-mortgage-insurance-premium-increases" .
Thanks,
Jerry
You have received the correct information. It is true that FHA has decided to increase its insurance premiums effective from 18th of April, 2012: "http://seattlecondosandlofts.com/2011/03/fha-mortgage-insurance-premium-increases" .
Thanks,
Jerry
Hi Nelson!
Welcome to forums!
I agree with Jerry. It should be noted here that FHA monthly mortgage insurance premium will be increasing by 0.25% for all loans that will be issued on or after April 18th, 2012.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
I agree with Jerry. It should be noted here that FHA monthly mortgage insurance premium will be increasing by 0.25% for all loans that will be issued on or after April 18th, 2012.
Feel free to ask if you've further queries.
Sussane