Careers     Rental Application     Tenant Login     Call Us:   702-376-7379


Day: August 28, 2008

FHA’s New Mortgage Insurance Premiums

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