February 8, 2010 - Effective for FHA loans for which the case number is assigned on or after April 5, 2010, FHA will collect an upfront mortgage insurance premium of 2.25 percent. This policy change will increase premiums for purchase money and refinance transactions, including FHA-to-FHA credit-qualifying and non-credit qualifying streamlined refinance transactions.
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Texas Home Loan Team
at 1st Advantage Mortgage
1000 Ballpark Way Ste 210
Arlington, TX 76011