FHA to Increase Fees Once Again…

Effective April 1st…funny April Fool’s joke….NOT!  FHA announced this past Monday that the cost of government-insured mortgages will increase slightly for some new homebuyers.  The rise in up-front fees on mortgages was deemed necessary to build up dwindling capital. FHA is increasing what is known as the Upfront Mortgage Insurance Premium “Upfront MIP” from 1.00%Continue reading “FHA to Increase Fees Once Again…”