The maximum base loan amount
before upfront mortgage insurance is:
Not exact matches
Homebuyers who complete housing counseling
before signing a contract to purchase a home and who complete additional pre-closing housing counseling will receive a 50 basis point reduction in the
upfront FHA
mortgage insurance premium (MIP) and a 10 basis point reduction in the annual FHA MIP.
Plus, on top of the 1.75 %
upfront that you'll have to pay in
insurance, you can't cancel the annual
mortgage insurance premium, like you could
before June 2013.