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Charleston SC Real Estate Blog : FHA Mortgage Insurance Rates to Change

The Charleston, South Carolina area is a great place to live or have a vacation home.  The weather is great, the beaches are fantastic, golf courses are abundant, there are many historical sites, the architecture is unbelievable, the dining is unbeatable, and the people are the friendliest in the country.  It is because of these reasons that I believe that Charleston SC Homes are truly unique.  I look forward to helping you with any of your here at Charleston SC Homes For Sale we look forward to meeting all your real estate needs in Charleston, Berkeley, or Dorchester counties. Today’s article is titled:


Charleston SC Real Estate Blog :  FHA Mortgage Insurance Rates to Change

Charleston SC Real Estate Blog :  FHA Mortgage Insurance Rates to Change

 

The chart above shows the upcoming FHA MIP changes that are coming April 1, 2013 and June 3, 2013. 

The annual or monthly MIP amount will increase from 1.25% to 1.35% on April 1.  The MIP duration will change from 78% LTV and 5 year minimum to Life of Loan on June 3.

Any case numbers (appraisals ordered) after these dates will reflect the changes.

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Sincerely,

"Carolina Joe" Idleman
http://www.charlestonscrealestateforsale.com