More changes ahead for FHA - Here’s what’s next
In April, FHA up front mortgage insurance premium on new loans both purchase and refi goes from 1.75% of your loan amount to 2.250% — a big jump to your principal. Finalizing the last apps to get in under the wire this weekend. Anyone thinking FHA and ready to go, waiting a few days could cost you plenty of $$$.
This will only get worse as FHA gets stretched to the brink.
