HUD’s reducing Mortgage Insurance on FHA Mortgages

From The Mortgage Porter
January 9, 2017 - 2:05pm

HUD has announced today that mortgage insurance will be reduced on most FHA mortgages. FHA mortgages have two types of “mortgage insurance” the borrowers pay regardless of loan to value. There is the upfront mortgage insurance (currently 1.75\% of the loan amount) that is typically added to the base loan amount and financed over the […]

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