FHA premiums on Monthly MIP going up April 18, 2011

It's cost you another .25% on any applications with case numbers assigned on
or after 4/18/11. It will translate to about $20 / month for every $100,000
financed.

FHA Annual Mortgage Insurance Premium (MIP)


Mortgage Term Greater Than 15 Years:


Case Numbers Assigned on or after October 4, 2010

Case Numbers Assigned on or after April 18, 2011

Loan to Value (LTV) Ratio

Old Annual Premium

New Annual Premium

< 95.00

0.85%

1.10%

>95.00

0.90%

1.15%

Mortgage Term Less Than or equal to 15 Years:


Case Numbers Assigned on or after October 4, 2010

Case Numbers Assigned on or after April 18, 2011

Loan to Value (LTV) Ratio

Old Annual Premium

New Annual Premium

< 90.00

0

.25%

>90.00

.25%

.50%