Tag Archive: Mortgage

ALERT: Change in FHA Mortgage Insurance Program

Mortgage insurance is required if the down payment is less than 20 percent of the home’s sale price. If you are shopping for a mortgage, be aware of changes to the Federal Housing Administration’s (FHA) mortgage insurance program.  Most lenders typically charge a mortgage insurance premium (MIP) if the borrower puts down less than 20 …

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Permanent link to this article: http://okaloosa.ifas.ufl.edu/newsletters/2013/06/07/alert-change-in-fha-mortgage-insurance-program/