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NEW FHA MORTGAGE INSURANCE PREMIUM CHANGES
On October 4th and beyond the Up Front Mortgage Insurance Premium (MIP) will be reduced from 2.25% to 1.00% and the monthly MIP will be increased from 55 bps to 85 bps for LTV’s up to 95% and 90 bps for LTV’s over 95%. $500 Closing Cost Credit on any new purchase or refinance loan Offer good on new applications taken during the months of July and August AnnualCreditReport.com
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