IMPORTANT Reminder
Effective for all new FHA loans : FHA is increasing their Upfront Mortgage insurance Premiums 4/5/10.
What does this mean? This policy change will increase premiums for both purchases and refinances.
Who will this impact? Any FHA loan that our team has not yet started Processing. All FHA loans currently in Processing will not be impacted, as long as the property does not change.
What should you do to avoid the increase? . It is possible that FHA will be very backed up with these changes. While FHA will be “open” Saturday, case numbers requested on Friday or Saturday may not be assigned prior to April 5, 2010, and therefore, be subject to the higher premium. If you are considering refinancing or purchasing, utilizing FHA financing, we need the property address as soon as possible
Please contact our office with any questions.
questions@integrityaz.com
