FHA Mortgage Insurance for Kentucky Mortgage Loans
How to qualify for a Kentucky FHA Home Loan ?
Kentucky FHA Mortgage Loans Guidelines
FHA Mortgage Insurance for Kentucky Mortgage Loans
UFMIP FHA Premiums for Kentucky Mortgage Loan Below
Effective for case numbers assigned on and after April 18, 2011, the following premiums apply: LTV | Up-Front and Annual Mortgage Insurance Premium Mortgage Term Greater Than 15 Years | |
Purchase and Refinance | Streamline Refinance | |
> 95% | 1.00% / 1.15% | 1.00% / 1.15% |
< = 95% | 1.00% / 1.10% | 1.00% / 1.10% |
UFMIP for Refinance Transactions for a FHA Mortgage Loan
The amount of unearned premium refunded, if applicable, depends on when the mortgage was closed.
The following requirements are applicable to Regular and Streamline Refinances (except those Streamline Refinances of mortgages closed before July 1, 1991):
FHA Mortgages closed after July 1, 1991, but before January 1, 2001: The seven-year unearned premium refund schedule shown in Mortgagee Letter 94-1 remains in effect.
Mortgages closed on or after January 1, 2001, but endorsed before December…
View original post 347 more words
Pingback: FHA Mortgage Insurance for Kentucky Mortgage Loans – Louisville Kentucky Mortgage Loans