FHA MIP to go Higher….Soon!

Have an FHA deal that you’re negotiating?  The MIP is soon to go much higher. As of loans issues a case number (not application date) after April 9th, 2012, the up front MIP on an over 95% LTV deal will go from 1.00% to 1.75% (yes, it’s financed still). The monthly goes from 1.15% to … Continue reading →

2009 Fannie Mae Lending Limits

The new 2009 lending limits have been published.  This will tell you what the maximum loan amount is for the county you are buying or refinancing in that Fannie Mae and Freddie Mac will buy. But……the real limit if $417,000 for everyone except HI, AK and Guam for “normal” rates.  If you are in a … Continue reading →