WILL FHA MIP REDUCTION APPLY TO 203K PROGRAMS?
William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions
Yes.. the new MI rate is across the board for all FHA loans except reverse mortgages.. 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
Dotty Owens (do1025)
#24 ranked lender in Connecticut - 21 contributions
From what I understand, yes.
Michelle Curtis Loan Originator NMLS 401173 (MichelleCurtisLO)
#77 ranked lender in Florida - 2,245 contributions
Absolutely!
Phil Dumouchel (PhilDu)
#32 ranked lender in South Carolina - 2,249 contributions
Yes definitely! And, even if you have started the process it is possible to get the rate changed to the new one - but be prepared for a small possible delay in your closing. ALSO, there are also conventional renovation loan options which have lower cost PMI for very strong buyers - however there are not many lenders that offer those programs. I can help if you would like to explore those options.
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