FHA Mortgage Insurance Reduction of .50% for New Loans in 2015 FHA Loan Borrowers Can See $900 Annual Savings HUD is making homeownership more affordable for millions of Americans with its plan to dramatically cut the mortgage insurance premiums new borrowers will pay.
FHA mortgage interest rates for April 2015 continue to stay at near the same levels as a month ago. The FHA 30 year fixed mortgage interest rate for April 2015 is ranging about 3.675% with zero discount points.
Fha Mortgage Application · Mortgage application: A borrower’s guide. Section 1: Type of Mortgage and Terms of Loan. This section, which describes the loan program for which the borrower wants to apply, is “generally not something the consumer is going to be able to complete,” explains Greg Cook, senior loan officer with Platinum Home Mortgage in Temecula, California.
Federal Housing Administration (FHA), in an effort to provide additional clarity and streamline FHA program requirements while continuing to fulfill its duty to protect the. The new 2015 fha mip rates are 0.5% less than the previous rates.
FHA Annual Mortgage Insurance Premiums (MIP) for 2015. This rate reduction does not apply to 15-year mortgage loans. Bottom line: For 30-year mortgages with the standard minimum down payment of 3.5%, the fha annual mip rate was reduced from 1.35% of the loan balance to 0.85% of the balance.
Fha Home Requirements 2016 Fha Loan Reduction Trump Administration indefinitely’ suspends fha mortgage Insurance Premium Cut – “We hope HUD and the Trump Administration will make it a priority to quickly review the reduction in the FHA mortgage insurance premium,” says Geoff McIntosh, president of the California Association.
2015 FHA Mortgage Rate Forecast and Predictions – prediction: fha rates Will Be Higher at the End of 2015. Ask a dozen economists what the average rate for a 30-year fha mortgage loan will be this time next year, and you’ll probably get 12 different answers.