Chino Hills Real Estate Blog : FHA Fees Rise and Fall

FHA Fees Rise and Fall

Talking Points

Fees for refinancing into a Federal Housing Administration (FHA) loan are set to fall, as the upfront mortgage insurance decreases to 0.01 percent of the base loan amount, from 1 percent, beginning June 11.
For buyers, the upfront mortgage insurance premium will increase to 1.7 percent of the loan mount, from 1 percent, effective April 9.
Annual insurance costs, paid monthly, will rise 0.10 percentage points.
Those with jumbo loans – loans that are more than $625,500 – will see a 0.35 percentage-point jump in the annual insurance premium, effective June 1.

Published Tuesday, April 03, 2012 8:29 PM by Gail Griffin, GRI, e-PRO

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