FHA mortgage insurance premiums won’t be going down in 2015

While most PMI premiums are based on credit, FHA loans are not. PMI borrowers with high credit scores receive a low premium and save more money by going. government mortgage insurance with the FHA.

"Any reduction in the mortgage insurance premium is welcomed. estimated that the FHA’s Mutual Mortgage Insurance (MMI) Fund won’t return to the congressionally mandated 2% threshold until 2016..

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2015 FHA Mortgage Insurance Rate Changes Good news for anybody who either has an FHA loan or is looking to buy a property with an FHA loan. On January 26, 2015, which is just a few days from the taping of this video, the FHA will be.

There will be no change in Annual Mortgage Insurance Premiums for all case numbers assigned on or after January 26th, 2015 for the following: On loans with a Loan to Value of less than or equal to 78% and with terms up to 15 years.

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 · When Does Lower FHA MIP Go Into Effect? The new mortgage insurance premiums are effective for loans with FHA case numbers on or after January 26, 2015. The lender pulls an FHA case number, usually as the first step in the FHA loan application.

Apply for an FHA loan. 2. Annual mortgage insurance premium (fha MIP) Annual FHA MIP is a bit more confusing, and we won’t bore you with minute details. Although, it’s not terribly difficult to see how it impacts your FHA mortgage payment. FHA MIP is calculated annually, but you pay it monthly as part of your FHA mortgage payment.

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Why You Won't Pay FHA Mortgage Insurance Premiums (MIP) For The Rest Of Your Life. January 15, 2015 – 3 min read. military and most veterans; the U.S. Department of Agriculture backs a no-money-down mortgage which is available in.

FHA Reduces 2015 Mortgage Insurance Premiums. Tim Lucas Editor. FHA Loans. Loan Amount, Down Payment, Previous MIP, New MIP.

The cost of things usually go up, not down, but the U.S. government’s Federal Housing Administration (FHA) is reducing the yearly premiums for mortgage insurance by 25 basis points for most new.

Quarterly reports indicate that the insurance fund is benefiting from higher loan endorsements because of the Department of Housing and Urban Development’s decision to reduce FHA’s mortgage insurance.