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FHA News

by Jeff Boyer, Mtn West Bank

Beginning April 9th, there are going to be a few changes to FHA loans.  In December 2011, President O’Bama signed the Temporary Payroll Tax Cut Continuation Act of 2011. 

Team Liedle has again created a team for the Susan G Komen Race For The Cure on May 19.  This year they have a co-sponsorship with Most Wanted Advertising.

FHA

As of April 18, 2011, FHA has increased the annual mortgage insurance premium from 85 basis points to 115 basis points on loans with minimum down payment.  Basically, when a borrower puts a 3.5% down payment on an FHA loan, the borrower’s monthly mortgage insurance payment will be increasing approximately $30-$40.  FHA has done this to ensure that they stay financially sound and continue to provide home financing to people across the country.