Transcription of APPENDIX 1.0 – MORTGAGE INSURANCE PREMIUMS …
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APPENDIX 1.0 – MORTGAGE INSURANCE PREMIUMS …
APPENDIX MORTGAGE INSURANCE PREMIUMSU pfront MORTGAGE INSURANCE premium (UFMIP)All mortgages: 175 basis points (bps) ( ) of the Base Loan : Streamline Refinance and Simple Refinance mortgages used to refinance a previousFHA-endorsed MORTGAGE on or before May 31, 2009 Hawaiian Home Lands (Section 247) Indian Lands (Section 248)Indian Lands (Section 248) do not require a MORTGAGE INSURANCE premium (MIP)Applies to all mortgages except: Streamline Refinance and Simple Refinance mortgages used to refinance a previous FHAendorsed MORTGAGE on or before May 31, 2009 Hawaiian Home Lands (Section 247)Hawaiian Home Lands (Section 247) do not require Annual Term of More Than 15 YearsBase Loan AmountLTVMIP (bps)DurationLess than or equal to$625,500 8011 years> but 80 MORTGAGE term> termGreater than $625,500 100
Title: Microsoft Word - HUDClips ML 2015 01 Attachment Handbook 4000 1 App-1-0 01132015 (2) Created Date: 1/13/2015 4:24:52 PM
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