U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Real Estate > Mortgages
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 03-05-2011, 10:25 PM
 
105 posts, read 285,924 times
Reputation: 28

Advertisements

Hi, not sure how this works so thought I'd ask here. I know the MIP rate is supposed to increase on FHA loans from .90 to 1.15 points as of April 4th 2011. My question is if you have your mortgage app and FHA case number started before the increase, can you avoid it? Or do you have to actually close before the 4th? Thanks.
Reply With Quote Quick reply to this message

 
Old 03-06-2011, 01:03 AM
 
Location: Laguna Niguel, CA
768 posts, read 3,960,283 times
Reputation: 456
As long as your FHA case # is ordered before then you are fine.
Reply With Quote Quick reply to this message
Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Real Estate > Mortgages
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2018, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top