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 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, 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