Feb 28, 2012
FHA insurance premiums going up April 1
28 Feb 2012
Posted by Andrew Kantor
On April 1, and again on June 1, mortgage insurance premiums for FHA loans will go up. Buyers who want to avoid having to pay the higher rates should apply for a loan — and get an FHA case number — no later than March 31.
The next day, the premium will rise from 1.0% of the loan to 1.75%, and annual fees will rise as well (by 0.1% or 0.25% for loans between $625,500 and $729,750).
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