Urgent! Read this if you are thinking of buying a home. - Mechelle Miller

Urgent! Read this if you are thinking of buying a home.

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Starting Monday April 18, 2011 FHA is increasing the monthly MIP (mortgage insurance premium) on all FHA loans.  The premium on a 3.5 % down payment FHA loan will increase from .9% to  1.15%.  This increases the monthly payment for MIP by $20.00 for every $100,000 financed.  The only way to avoid the increase is to have a case number assigned to a property prior to April 18.  Buyers that are on the fence need to make the move to buy now!  
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1 Comments

damiana.perani21560830270
Posted Date: Jun 17, 2019
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