Tuesday, February 28, 2012

Increase to FHA Insurance Premium Structure

FHA has announced an increase to the new upfront premium structure for case numbers assigned on or after April 1, 2012. The upfront fee will increase by .75% and the monthly fee by .10% on loan amounts up to $625,500. In Oregon the agency high balance loan doesn't apply to us...  Check the FHA Loan Limits in your County.

An FHA Mortgagee letter is anticipated for further guidance.

To apply for this or any other loan program contact me today.

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