Fha loans mortgage insurance premium

    • [DOC File]FHA Refinance Comparison Matrix – FHA Secure

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      FHA FHA or conventional loans seasoned less than 12 months. ... 1-year ARM or hybrid ARM Mortgage Insurance Delinquent Current 1.5% UFMIP and .50% Annual Premium 1.5% UFMIP and .50% Annual Premium 2.25% UFMIP and .55% Annual Premium when LTV > 95% 1.5% UFMIP and .50% Annual Premium Criteria FHASecure FHA 95% Cash-out Refinance FHA to FHA ...

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    • Performing FHA-Insured Mortgage Loan Servicing

      HUD will refund any portion of the “Up-front” premium that it did not earn when the mortgage insurance is terminated without a claim for mortgage insurance benefits (24 CFR § 203.283). The FHA Commissioner reviews the annual audit of FHA’s Mutual Mortgage Insurance Fund (MMIF) and determines how much premium to charge for new loans and ...

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    • [DOC File]Sample PMI Cancellation Letter - Christ Appraisal

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      Private Mortgage Insurance (PMI) was introduced over 30 years ago to provide Lenders with insurance against default for purchasers with a down payment of less than 20 percent. PMI Insurance is collected through the Mortgage Payment to insure the Lender against default.

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    • [DOC File]Art #3 Mortgage Talking Points

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      Dropping FHA Mortgage Insurance Premium Rules. Loans closed PRIOR to January 1, 2001 are NOT eligible for termination of MIP (monthly insurance premium) if closed on January 1, 2001 and after, MIP will be automatically terminated under the following conditions. More than 15-year term.

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    • [DOC File]Effective with new FHA case number assignments on or after ...

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      ** A first time homebuyer, with HUD approved counseling, will pay only 2.00% for the up-front mortgage insurance premium. FHA Single Family Mortgage Insurance. Upfront and Annual Mortgage Insurance Premiums (Loan Terms < 15 years) Effective as of July 14, 2008 Decision Credit Score LTV. 850-680 679-640 639-600 599-560 559-500 499-300 Non ...

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    • [DOCX File]FHA 4 Eight FHA Mortgage Loan Programs

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      The maximum LTV will be limited to 95 percent for loans in excess of $625,500 LTV limits do not include the addition of the Up-Front Mortgage Insurance Premium (UFMIP). Certain FHA-insured loans will be exempted from this notice. Loans made pursuant to the FHA Streamline Refinance without an appraisal program, which has no LTV calculation,

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    • [DOC File]FAQ (Frequently Asked Questions)

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      The FHA requires a single, up-front mortgage insurance premium equal to 2.25% of the mortgage to be paid at closing (or 1.75% if you complete the HELP program- see Question 91). This initial premium may be partially refunded if the loan is paid in full during the first seven years of the loan term.

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    • [DOC File]GINNIE MAE NEW DAILY POOL ISSUED TAPE

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      27. Annual MIP (insurance premium rate): The annual mortgage insurance premium percentage rate that institutions charge to insure FHA loans. Data collection for FHA loans began in September 2012. 28. Number of Borrowers: Number of Borrowers on the loan. 29. First Time Home Buyer (Yes or No): An indicator for purchase loans of whether the ...

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    • [DOC File]January 14, 2000 - HUD

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      Upfront Mortgage Insurance Premiums and Other . Mortgage Insurance Premium Changes. FHA’s Mutual Mortgage Insurance Fund (MMI) has experienced an unprecedented financial turnaround. In 1990, the FHA MMI Fund had a negative economic value of $2.6 billion. Today, the fund has a positive economic value of $16 billion.

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    • [DOC File]Chapter 10

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      The FHA has a more relaxed standard for qualifying a borrower than is used by conventional lenders. Borrowers are charged a mortgage insurance premium: an insurance premium collected into the FHA’s Mutual Mortgage Insurance Fund to insure lenders against bad loans.

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