NAR Video Explaining The FHA Increase That Will Take Effect April 1 2012
NAR Video Explaining The FHA Increase That Will Take Effect April 1 2012
In a recent blog post, we brought you information on the changes to the FHA costs that will be taking effect starting April 1. The National Association of Realtors has produced a video which explains the changes, and why they are being implented.
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March 29th, 2012 at 9:48 am
Borrowers also pay annual insurance premiums when they take out loans backed by the agency, and those fees range from 1.1% to 1.15% of their loan amount. Congress last year raised those annual premiums by 0.1 percentage point. The FHA said on Monday it will implement both fee increases on April 1.
Melanie
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