FHAs Mortgage Insurance Premiums all in one "easy to read" chart

By
Mortgage and Lending with HomeBridge Financial Services (NJ) NMLS 248937

 

We are just a few days away from the new FHA Mortgage Insurance Premiums kicking in. The chart below is about as neat and clean as it can get for showing the FHA monthly(annual) and Up Front Mortgage Insurance Premiums.  June's change has some good, allowing streamline refinance transactions (where their previous loan was endorsed prior to 5/31/2009) to default to the old MIP, which can be a significant savings.

 

CASE NUMBERS ISSUED BEGINNING APRIL 18, 2011 UP TO APRIL 8, 2012

All Loans – Purchase, Refinances, All Streamline Refinance

 

Term

Base Mortgage

LTV

Annual MIP

Upfront MIP

Greater than 15 Years

All loan amounts

0 to 95.00%

1.10%

1.00%

95.01%+

1.15%

1.00%

15 years or less

All loan amounts

0 to 78.00%

0.00%

1.00%

78.00 to 90.00%

0.25%

1.00%

90.01%+

0.50%

1.00%

 

 

 

CASE NUMBERS ISSUED BEGINNING APRIL 9, 2012 UP TO JUNE 10, 2012

All Loans – Purchase, Refinances, All Streamline Refinance

 

Term

Base Mortgage

LTV

Annual MIP

Upfront MIP

Greater than 15 Years

All loan amounts

0 to 95.00%

1.20%

1.75%

95.01%+

1.25%

1.75%

15 years or less

All loan amounts

0 to 78.00%

0.00%

1.75%

78.00 to 90.00%

0.35%

1.75%

90.01%+

0.60%

1.75%

                         

 

 

CASE NUMBERS ISSUED ON AND AFTER JUNE 11, 2012

                                                                                                                                        

Term

Base Mortgage

LTV

Type of Loan

Annual MIP

Upfront MIP

Greater than 15 Years

$0 to $625,500

0 to 95.00%

Purchase, Rate Term, Cash Out and Streamlines endorsed on and after 6/1/09

1.20%

1.75%

95.01%+

Purchase, Rate Term, Cash Out and Streamlines endorsed on and after 6/1/09

1.25%

1.75%

All LTV

Streamline Endorsed on or before 5/31/2009

.55%

0.01%

$625,501+

0 to 95.00%

Purchase, Rate Term, Cash Out and Streamlines endorsed on and after 6/1/09

1.45%

1.75%

95.01%+

Purchase, Rate Term, Cash Out and Streamlines endorsed on and after 6/1/09

1.50%

1.75%

All LTV

Streamline Endorsed on or before 5/31/2009

.55%

0.01%

15 Years or less

$0 to $625,500

0 to 78.00%

Purchase, Rate Term, Cash Out and Streamlines endorsed on and after 6/1/09

0%

1.75%

78.01 to 90.00%

Purchase, Rate Term, Cash Out and Streamlines endorsed on and after 6/1/09

.35%

1.75%

90.01%+

Purchase, Rate Term, Cash Out and Streamlines endorsed on and after 6/1/09

.60%

1.75%

All LTV

Streamline Endorsed on or before 5/31/2009

.55%

0.01%

$625,501+

0 to 78.00%

Purchase, Rate Term, Cash Out and Streamlines endorsed on and after 6/1/09

0%

1.75%

78.01% to 90.00%

Purchase, Rate Term, Cash Out and Streamlines endorsed on and after 6/1/09

.60%

1.75%

90.01%+

Purchase, Rate Term, Cash Out and Streamlines endorsed on and after 6/1/09

.85%

1.75%

All LTV

Streamline Endorsed on or before 5/31/2009

.55%

0.01%

 

 

Have a great week!

Rob

Robert Rauf

Mortgage Loan Originator

NMLS ID# 248937

http://robertrauf.remn.com/Default.aspx or my blog: http://activerain.com/blogs/rrauf

(732)557-6920 x102

RRauf@REMN.com

Since 1987 I have been helping my clients fulfill their dream of home ownership!

Real Estate Mortgage Network Inc.

 

remn

 

 Equal house

 Real Estate Mortgage Network, Inc. is located at 16 Madison Avenue, Building 2 Suite 2D Toms River, NJ 08753. NMLS #6521. New Jersey Licensed Lender and Mortgage Banker #L041053. Visit www.REMN.com for more information.

 

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Rainmaker
686,237
Ron Marshall
Marshall Enterprises - Saint Michael, MN
Birdhouse Builder Extraordinaire

This is a great chart, Robert.  I am sending this to several realtors I work with.   Thanks. 

April 05, 2012 01:29 PM #1
Ambassador
539,139
Gayle Rich-Boxman Fishhawk Lake Realtor (503)755-2905
Vernonia Realty - Vernonia, OR
"Your Gateway to the Lake" Birkenfeld Oregon

Rob, this is all nice and neat and clean. I'm going to bookmark it and send it to my hubby--he LOVES this stuff when deciding our next move financially. We're shooting for being paid off in 15 years. It's our only debt!

April 11, 2012 09:56 AM #2
Rainmaker
579,216
Robert Rauf
HomeBridge Financial Services (NJ) - Toms River, NJ

Hi Gayle! I am glad you like it.. my "neat and clean" was a bit sarcastic.. since it is much less neat and clean than it was!

April 11, 2012 10:12 AM #3
Rainmaker
579,216
Robert Rauf
HomeBridge Financial Services (NJ) - Toms River, NJ

Ron,

I am glad you found it to be useful!  I have it printed out and tacked to my wall for the "brain-fart" moments :)

April 11, 2012 10:13 AM #4
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Rainmaker
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Robert Rauf

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