Blogging About Loans: FHA Mortgage Insurance Effective October 1st

An office of elite mortgage lending professionals with a common interest and goal focused on providing customer service that exceeds expectation. Thereby building our business from repeat and referral opportunities. Ruth Vogt. LMB 100023827. NMLS 257576. Regulated by the Division of Real Estate. Fairway Independent Mortgage is an Equal Housing Opportunity.

FHA Mortgage Insurance Effective October 1st

Yep! It's due to change AGAIN!

All FHA case number assignments made on or after October 1, 2008 and before October 1, 2009 will be charged mortgage insurance upfront and monthly premiums according to the following:


Purchase Money Mortgages & Full-Credit Qualifying Refinances: 1.75%

Streamline Refinances: 1.50%


Monthly Premium for Loans Greater than 15 years


Monthly Premium

< 95%




Monthly Premium for Loans Less than or Equal to 15 years


Monthly Premium

< 90%




After October 1, 2009, risk based premium pricing will go into effect. However, we don't know what those factors are at this time. (Probably will find out just prior to the change!)

Remember that saying, "If you don't like the weather, stick around and it'll change"?? Seems like that can be modified to "Don't like the rule? Stick around awhile and it'll change"!!

Opinions expressed here are the sole responsibility of the author, and do not necessarily reflect the view of Fairway Independent Mortgage.

Ruth Vogt Colorado Mortgage Lender Ruth Vogt, Sales Manager

 #LMB100023827, NMLSR# 257576

 Equal Housing Opportunity. 

 Regulated by the Division of Real Estate.  303-881-7849.


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Comment balloon 1 commentRuth Vogt • September 02 2008 04:39PM


Can you do FHA loans in all 50 states?

Please email me and let me know:

Posted by yanni raz (hml investments) over 11 years ago