When do the new FHA premiums go into effect?

They went into effect today the 26th and Yes, the Mortgage Insurance Rate has dropped a half of a percent. Feel free to reach me to go over your Goals and answer any additional questions.

TODAY! It is true - in many cases, a streamline FHA, if it is a refinance you are looking for require no additional re-qualification, no appraisal. If it is a purchase, this will increase your buying power, or simply lower the payment on the purchase price you have chosen. I would love to assist you! you can contact me at 707 328-2864 or esta.hoffman@mwfinc.com

Today!

As mentioned on FHA cases numbers issued after today, the monthly MI is lowered by .5% in most cases. Keep in mind though, that even on a streamline refi, the FHA charges up front mortgage insurance also.I can structure your streamline refi so that the lender pays the upfront MI and you avoid having thousands of extra dollars for upfront MI added to the loan balance that you owe.

Today! I also agree with the other previous responses to your question.

The lower MMI went into effect TODAY. The average Homeowner with an fha Mortgage in california will be able to reduce the MMI by $200. But be careful . For those homeowners that receive down payment assistance such as CalHFA's CHDAP, these amount most often require that they are paid back at the time of a refinance. For help determining how refinancing your FHA can benefit you give me a call. David Schwartz714-227-5087david.schwartz@banchomeloans.com

FHA reduced MI goes into affect today.. The MI is reduced from 1.35% annual to 0.85% for borrowers with 3.5% down on a 30 year mortgage.. the MI did not change for 15 year loans.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

FHA loans have mortgage insurance, just like many other mortgage loans. Effective January 26th, 2015 - the cost of FHA mortgage insurance for all NEW FHA loans went down. To give you an idea: A $100,000 FHA loan prior to the change would have had $110 per month in mortgage insurance. Today that same $100,000 FHA loan would have just $69 a month in mortgage insurance. For FHA streamline refinances in MN, WI, and SD - visit www.Streamline-Refinance-MN.com