If you are purchasing a home using a Federal Housing Administration (FHA) loan, you will have to pay FHA mortgage insurance premiums (MIP) as a condition of the loan. Like private mortgage insurance ...

FHA says it remains fiscally sound, looks to further strengthen its future position. The Federal Housing Administration wants to stay flush. One step it’s taking is increasing its annual mortgage ...

Caroline Banton has 6+ years of experience as a writer of business and finance articles. She also writes biographies for Story Terrace. Doretha Clemons, Ph.D., MBA, PMP, has been a corporate IT ...

Although some in the mortgage industry have been advocating for the Federal Housing Administration to reduce the cost of its mortgage insurance premiums, as long as current trends persist any ...

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The real estate industry has a trade-off between consumers and lenders. Consumers can get a mortgage with a small down payment, but lenders are then protected with buyer-paid mortgage insurance that ...

Lowering the MIP with a focus on FHA’s recurring “annual” premium will increase homebuyers’ purchasing power. This will afford them the opportunity to become homeowners and build generational wealth.

QUESTION: FHAs and MIP. It is nice to get the 3.5% down but the MIP (Mortgage Insurance Premium) seems outrageous. For our range it looks like MIP is a whopping 1.35% annual (plus the 1.75% financed ...