Effective April 5, 2010, FHA – Federal Housing Administration will increase the required mortgage insurance premium from 1.75% to 2.25% of the loan amount. Mortgage insurance is required on all FHA loans regardless of the loan to value ratio.
Effective April 5, 2010, FHA – Federal Housing Administration will increase the required mortgage insurance premium from 1.75% to 2.25% of the loan amount. Mortgage insurance is required on all FHA loans regardless of the loan to value ratio.
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