Posted by: cfigueira | March 10, 2010

FHA Mortgage Insurance Premium Increase Effective date: April 5, 2010

Just in case you didn’t feel the squeeze just yet as a mortgage lender or customer now we have below to look forward to.

Effective with Case Number Assignments dated on or after Monday, April 5th, 2010, FHA upfront mortgage insurance premium will increase to 2.25 percent. The increased upfront premium is applicable for purchases and both credit qualifying and non-credit qualifying refinance transactions.

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