FHA Mortgage Insurance Rates

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FHA Annual Mortgage Insurance Rates 2013

Up Front Mortgage Insurance Premium (UFMIP) = 1.75%
Loan AmountLTVTermAnnual MI
Prior to 4/1/2013
Annual MI
04/01/2013 - 06/02/2013
Annual MI
After 06/03/2013
<= 625,500<= 95%> 15 years1.20%1.30%1.30%
<= 625,500> 95%> 15 years1.25%1.35%1.35%
> $625,500<= 95%> 15 years1.45%1.50%1.50%
> $625,500> 95%> 15 years1.50%1.55%1.55%
<= $625,500<= 78%<= 15 years0.00%0.00%0.45%
<= $625,500> 78% to <= 90%<= 15 years0.35%0.45%0.45%
<= $625,500> 90%<= 15 years0.60%0.70%0.70%
> $625,500<= 78%<= 15 years0.00%0.00%0.45%
> $625,500> 78% to <= 90%<= 15 years0.60%0.70%0.70%
> $625,500> 90%<= 15 years0.85%0.95%0.95%

FHA Mortgage Insurance Cancellation Policy

Loan AmountLTVTermPrior to 06/03/2013After 06/03/2013
All<= 78%> 15 yearsCancelled at 5 years11 years
All> 78% to <= 90%> 15 yearsCancelled at later of 78% LTV or 5 years11 years
All> 90%> 15 yearsCancelled at later of 78% LTV or 5 yearsLoan Term
All<= 78%<= 15 yearsNone11 years
All> 78% to <= 90%<= 15 yearsCancelled at 78% LTV11 years
All> 90%<= 15 yearsCancelled at 78% LTVLoan Term
Historical look at FHA Up Front Mortgage Insurance (UFMIP) and Annual Mortgage Insurance Rates
Date of FHA Loan EndorsementUFMIP RateMax Annual MI Rate
07/14/08 - 09/30/081.25% - 2.25%
credit based
.55%
10/01/08 - 04/04/101.75%.55%
04/05/10 - 10/03/102.25%.55%
10/04/10 - 04/17/111.00%.9%
04/18/11 - 04/08/121.00%1.15%
04/09/12 - 03/31/131.75%1.25%

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