The Mutual Mortgage Insurance fund is funded by the FHA Upfront Mortgage Insurance Premium and the annual FHA Mortgage Insurance Premiums; These two FHA mortgage insurance funding is paid by borrowers in one form or another; updated fha guidelines. Starting in June 3, 2013, there will be new fha mortgage loan guidelines. The current FHA upfront.
Upfront mortgage insurance premium: 1.75 percent of the loan amount, paid when the borrower gets the loan. The premium can be rolled into the financed loan amount.
Benefits Of Fha Loan Here are a few benefits you can enjoy with an FHA loan: Easier to Qualify While most loans exclude applicants with questionable credit history and low credit scores, the FHA makes loans available with lower requirements so its easier for you to qualify.Fha Extenuating Circumstances Fha Loans Income An FHA Loan is a mortgage that’s insured by the federal housing administration. They allow borrowers to finance homes with down payments as low as 3.5% and are especially popular with first-time homebuyers. fha loans are a good option for first-time homebuyers who may not have saved enough for a large down payment.