Category Archives: MIP

I have been receiving a lot of questions about FHA Mortgage Insurance Premium, Here are Some Answers

Posted on October 31, 2011 by Aaron Gitler

FHA mortgage insurance is similar to the private mortgage insurance (PMI) required for conventional mortgages with down payments below 20%, but key differences exist: Up-front Fees: 1% up-front fee due at closing. Rate: For fixed rate loans, there is an … Continue reading →

Posted in a and n mortgage, Chicago, commercial loan, conventional mortgage, credit history, down payment, FHA, lending, MIP, pmi, refinance | Comments Off

The FHA Mortgage Insurance Premium

Posted on October 17, 2011 by Neena Vlamis, President of A and N Mortgage

FHA mortgage insurance is similar to the private mortgage insurance (PMI) required for conventional mortgages with down payments below 20%, but key differences exist: Up-front Fees: 1% up-front fee due at closing. Rate: For fixed rate loans, there is an … Continue reading →

Posted in a and n mortgage, FHA, FHA Loan, FHA Mortgage Premium, MIP, Mortgage banker, pmi | Comments Off