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Danny Salas

FHA MI Premium Increasing

1.75% Financed Premuim Is Going Away

1.75% Financed Premuim Is Going Away

Per HUD Mortgagee Letter 2010-02, the upfront mortgage insurance premium for FHA loans will increase to 2.25% on all loans for which the case number is assigned on or after April 5, 2010.

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