FHA Single Family Mortgage Insurance
Upfront and Annual Mortgage Insurance Premiums
Loan Terms Greater than 15 years Effective as of July 14, 2008 |
|
Decision Credit Score (FICO) |
|
LTV |
850-680 |
679-640 |
639-600 |
599-560 |
559-500 |
499-300 |
NON-TRADITIONAL (Loans with no credit scores) |
|
= 90.00 |
1.25 UFMIP
.50 Monthly |
1.25 UFMIP
.50 Monthly |
1.25 UFMIP
.50 Monthly |
1.50 UFMIP
.50 Monthly |
1.75 UFMIP
.50 Monthly |
1.75 UFMIP
.50 Monthly |
1.50 UFMIP
.50 Monthly |
|
90.01-95.00 |
1.25 UFMIP
.50 Monthly |
1.25 UFMIP
.50 Monthly |
1.50 UFMIP
.50 Monthly |
1.75 UFMIP
.50 Monthly |
2.00 UFMIP
.50 Monthly |
n/a |
1.75 UFMIP
.50 Monthly |
|
> 95 |
1.25 UFMIP
.55 Monthly |
1.50 UFMIP
.55 Monthly |
1.75 UFMIP
.55 Monthly |
2.00 UFMIP
.55 Monthly |
2.25 a UFMIP
.55 Monthly |
n/a |
2.00 UFMIP
.55 Monthly |
|
A first-time homebuyer, with HUD-approved counseling, will pay only 200 basis points for the upfront mortgage insurance premiums. |
|
FHA Single Family Mortgage Insurance
Upfront Mortgage and Annual Mortgage Insurance Premiums
Loan Terms of 15 Years or Fewer Effective as of July 14, 2008 |
Decision Credit Score (FICO) |
LTV |
850-680 |
679-640 |
639-600 |
599-560 |
559-500 |
499-300 |
NON-TRADITIONAL (Loans with no credit scores) |
= 90.00 |
1.00 UFMIP
.00 Monthly |
1.00 UFMIP
.00 Monthly |
1.25 UFMIP
.00 Monthly |
1.50 UFMIP
.00 Monthly |
1.75 UFMIP
.00 Monthly |
1.75 UFMIP
.00 Monthly |
1.50 UFMIP
.00 Monthly |
90.01-95.00 |
1.25 UFMIP
.25 Monthly |
1.25 UFMIP
.25 Monthly |
1.50 UFMIP
.25 Monthly |
1.75 UFMIP
.25 Monthly |
2.00 UFMIP
.25 Monthly |
n/a |
1.75 UFMIP
.25 Monthly |
> 95 |
1.25 UFMIP
.25 Monthly |
1.50 UFMIP
.25 Monthly |
1.75 UFMIP
.25 Monthly |
2.00 UFMIP
.25 Monthly |
2.00 UFMIP
.25 Monthly |
n/a |
2.00 UFMIP
.25 Monthly |
