As of April 1, 2013 - FHA will increase its annual mortgage insurance premium (MIP) for most new mortgages 0.10 percent – which translates to 1.35% per month. The upfront premium will remain the same.
As of June 3, 2013 - FHA will also require most FHA borrowers to continue paying annual mortgage insurance premiums for the life of their mortgage loan.
*Information is subject to change by FHA without notice.
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