Comments on: FHA Up Front Mortgage Insurance Premuim (UFMIP) Changes http://www.arizonamortgageteam.com/fha-up-front-mortgage-insurance-premuim-ufmip-changes/ Arizona Mortgage Rates. Refinance FHA, VA and Jumbo Mortgage Loans. Fri, 03 Feb 2012 22:46:49 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Justin McHood http://www.arizonamortgageteam.com/fha-up-front-mortgage-insurance-premuim-ufmip-changes/#comment-1366 Justin McHood Wed, 20 May 2009 18:05:13 +0000 http://www.arizonamortgageteam.com/?p=138#comment-1366 Kristen, It is my understanding that the .55% factor is paid until the loan is paid down to 78% of the original amortization schedule, not just until your MIP is gone. Justin Kristen,

It is my understanding that the .55% factor is paid until the loan is paid down to 78% of the original amortization schedule, not just until your MIP is gone.

Justin

]]> By: Kristen Hayes http://www.arizonamortgageteam.com/fha-up-front-mortgage-insurance-premuim-ufmip-changes/#comment-1365 Kristen Hayes Wed, 20 May 2009 17:38:15 +0000 http://www.arizonamortgageteam.com/?p=138#comment-1365 So if a buyer puts down the 3.5% and pays the .55% factor will this factor go down to .5% once the LTV of the loan is less than 95% or does the factor stay constant for the 5 years the buyer is paying MIP? So if a buyer puts down the 3.5% and pays the .55% factor will this factor go down to .5% once the LTV of the loan is less than 95% or does the factor stay constant for the 5 years the buyer is paying MIP?

]]> By: How Do FHA Loans Work? MIP and UFMIP Explained | Arizona Mortgage Team http://www.arizonamortgageteam.com/fha-up-front-mortgage-insurance-premuim-ufmip-changes/#comment-574 How Do FHA Loans Work? MIP and UFMIP Explained | Arizona Mortgage Team Sat, 20 Dec 2008 16:52:43 +0000 http://www.arizonamortgageteam.com/?p=138#comment-574 [...] the UFMIP requirement is between 1.5% (FHA Streamlines)  and 3% (FHA Secure) of the loan amount (this amount changes from time to time).  This money is taken and put into an escrow account at the US Treasury and is proportionately [...] [...] the UFMIP requirement is between 1.5% (FHA Streamlines)  and 3% (FHA Secure) of the loan amount (this amount changes from time to time).  This money is taken and put into an escrow account at the US Treasury and is proportionately [...]

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