Changes to FHA Mortgage Insurance Premiums

The Federal Housing Association has announced changes to their Mortgage Insurance Premium (MIP) structure taking effect on or after October 4, 2010.  The up-front premium (financed into the loan) is being reduced from 2.25% to 1.0%.  Providing the loan amount does not exceed FHA’s county loan limits, the FHA loan is a very affordable and less cash down payment and lower monthly payment in most cases.

To read more information about FHA requirements and guidlines click on http://portal.hud.gov/portal/page/portal/HUD

October 7, 2010 | Categories: Charlotte Area Real Estate, Keller Williams, Lake Norman Real Estate, NC Forclosures, Real Estate, Terrie Fink | Tags: Agent, bank-owned, Broker, Buyer’s Agent, cash-buyers, Charlotte, Charlotte Area Real Estate, Charlotte Real Estate, Concord, Condos for Sale, Corcord NC, Cornelius, credit, Davidson, Denver, Events, Family, FHA, financing, For Sale By Terrie Fink, Foreclosure, Health, Homes For Sale, HUD, Huntersville, Hutersville NC, investments, Kannapolis, Kannapolis NC, Keller Williams, Lake Norman, Lake Norman Area Real Estate, Lake Norman Homes for sale, Lake Norman Land for sale, Land For Sale, Life, Listing, loan, Mooresville, NC, News, North Carolina, owner-financing, pre-forclosure, private-lender, property-management, Real Estate, real-estate-investing, Realtor, REO, residential, Search for Homes in the Charlotte Area, Search for Homes on Lake Norman, Seller’s Agent, Sherrillis Ford, Sherrills Ford, Short Sale, Terrie Fink, Thoughts, Travel, Troutman, wholesale | Leave a comment