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APPENDIX 1.0 – MORTGAGE INSURANCE …

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 10011 years> but 100 MORTGAGE term> termMortgage Term of Less than or Equal to 15 YearsBase Loan AmountLTVMIP (bps)DurationLess than or equal to$625,500 years> termGreater than $625,500 years> but 7011 years> termStreamline Refinance, Simple Refinance:For refinance of previous MORTGAGE endorsed on or before May 31, 2009 UFMIP: 1 (bps) (.)

APPENDIX 1.0MORTGAGE INSURANCE PREMIUMS Upfront Mortgage Insurance Premium (UFMIP) All mortgages: 175 basis points (bps) …

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Transcription of APPENDIX 1.0 – MORTGAGE INSURANCE …

1 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 10011 years> but 100 MORTGAGE term> termMortgage Term of Less than or Equal to 15 YearsBase Loan AmountLTVMIP (bps)DurationLess than or equal to$625,500 years> termGreater than $625,500 years> but 7011 years> termStreamline Refinance, Simple Refinance:For refinance of previous MORTGAGE endorsed on or before May 31, 2009 UFMIP: 1 (bps) (.)

2 01%) All mortgagesAll MORTGAGE TermsBase Loan AmountLTVA nnual MIP (bps)DurationAll years> termFor mortgages where FHA does not require an appraisal, the value from the previous mortgageis used to calculate the Home Lands Section 247 Hawaiian Home Lands Upfront MIP (UFMIP)Loan Term in Years 18 >18 and 22 >22 and 25 >25 MIP MIP is not assessed on Section 247 mortgages.


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