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FHA Loans - New Mortgage Insurance Premiums Effective 10-4-10


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FHA Mortgage News and Updates

Many investors in the Secondary Markets have INCREASED the Minimum FICO requirement for an FHA insured loan from 620 to 640 Effective 10/4/2010.

This change is likely to be quickly adopted by Secondary Market investors on a widespread basis.

FHA Upfront and Annual Mortgage Insurance Premium (MIP) Changes

Effective with case numbers assigned on or after October 4, 2010, FHA Upfront and Annual MIP will change as follows:

  • Upfront MIP will be 1.00% on all mortgage terms
  • Annual MIP will be 0.90% for LTVs greater than 95% for mortgage terms greater than 15 years
  • Annual MIP will be 0.85% for LTVs less than or equal to 95% for mortgage terms greater than 15 years
  • No change to Annual MIP for mortgage terms less than or equal to 15 years


Tammy Harrison

702.234.3185 direct
888.917.2009 Toll Free E Fax
[email protected]

Residential Mortgage Services
3585 E. Flamingo Rd., Ste 103
Las Vegas, NV 89121
702.796.3453 main office


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