Real Estate and Events in Katy TX and Surrounding Communities

FHA Homebuyer’s Costs Increase April 18

Read the full article:   via Kelly’s View | Blog on Mortgage News from Kelly’s Point of View.

‘Effective for all FHA case numbers assigned on, or after, April 18, 2011, annual mortgage insurance premiums (MIP) will increase 25 basis points.

The change will add $250 to an FHA-insured homeowner’s annual loan costs per $100,000 borrowed, and applies to all borrower’s equally. Current FHA borrowers are unaffected.”

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