Please share this page if you\'ve found the information valuable!
Written by: Mark Madsen – Las Vegas Home Loans
In response to the new “HOPE for Home Owners Act” (HR 3221) that was recently passed by the House of Representatives, FHA announced new Mortgage Insurance Premiums starting October 1, 2008 through September 30th, 2009.
Up-front Mortgage Insurance Premiums:
- Purchase Money Mortgages and Refinances = 1.75%
- Streamline Refinances (all types) = 1.5%
- FHA Secure (Delinquent Mortgagors) = 3%
Monthly Mortgage Insurance Premiums:
- 30 yr mtg. - LTV > 95%, monthly will be @ .55%
- 30 yr mtg. - LTV < 95%, monthly will be @ .50%
- 15 yr mtg. - LTV > 90%, monthly will be @ .25%
- 15 yr mtg. - LTV < 90%, monthly will not be required.
- FHASecure – LTV > 95%, monthly will be @ .55%
- FHASecure – LTV < 95%, monthly will be @ .50%
* This information was provided by Jeff Mifsud @ FHAGamePlan.com
About the author
Recent Related Articles
-
Getting a mortgage loan in Las Vegas – Some tips that you should follow: Guest Post by Alfred Smith
According to recent reports, the fixed rate mortgage loan rates throughout the nation had hit a 40 year low, making this the perfe... - No Money for Your Las Vegas Down Payment? No Problem, FHA Is Here!: If you’re a first-time homebuyer, or you’re selling your current home but don’t have a lot of equity built up, saving 10 or 20% (or even 5%) of the value of you...
- Loan Modifications: What Are Your Las Vegas Homeowner Options?: Do you really love your Las Vegas home, yet are finding it harder and harder to make your mortgage payments? A home loan modification may help you keep your hom...
-
Score High for Your New Las Vegas Home: What’s in a number? Your chances of getting your new Las Vegas dream home – that’s what! Your credit score can be the one thing that keeps you from owning your ... -
Clark County, NV FHA Loan Limits Decrease By $128,950 On Oct.1, 2011. : Important announcement if you are considering securing FHA 3.5% down financing for a home in Clark County (Las Vegas, Henderson, North Las Vegas, Boulder City),...
-
We are not the Government. 
2470 West Horizon Ridge Parkway, Suite 120 Henderson, NV 89052 - Phone: (702) 376-7379 