You can opt to pay the upfront mortgage premium in cash if you like which will reduce your loan balance. (firsttimehomefinancing.com)
In short, it has become harder to qualify for these loans, and the government is charging higher mortgage premiums than in the past. (homebuyinginstitute.com)
Buyers pay an up - front mortgage premium equal to 1 percent of their loan amount. (veteransunited.com)