FHA Mortgage at old rates MARCH 31st Deadline
http://www.hud.gov/ll/code/llslcrit.cfm
Effective April 1, 2012, the amount needed for upfront (MI) Mortgage Insurance from FHA is increasing from 1.00% to 1.75% and the Monthly Mortgage Insurance from 1.15% to 1.25%.
Want a FederalHousing Administration (FHA) insured loan to save money?
Get in before the increase! Just a few days left because you BOTH must have your home purchase under contract and have a case number assigned BEFORE April 1, 2012 to qualify for the current rate. NO EXTENSIONS!
Contact your mortgage broker to find out all the extra details! Like any other financial instrument, FHA loans encompass many considerations - both positive or negative.
Have a happy day -
Lynn
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