As federal agencies look for ways to improve housing affordability, the MBA is calling for a reduction in mortgage insurance ...

All home buyers who use an FHA loan will need to pay mortgage insurance premiums, otherwise known as MIPs. These premiums insure lenders and guarantee they will be paid even if a borrower defaults ...

If you got your FHA loan after the year 2000, you may be able to cancel your FHA mortgage insurance. If you got your loan before 2000, you’ll continue to pay the premiums in most cases.

Mortgage insurance works a bit differently for reverse ... At closing, you pay an up-front 2% MIP based on the FHA’s maximum lending limit of $1,149,825 or the home’s appraised value ...

Housing leaders wonder how recent cost-cutting efforts by the federal government could impact HUD programs, including reverse ...

Annual MIP ranges from 0.15% to 0.75% of the loan amount. The downside of FHA mortgage insurance is that most borrowers are required to pay it for the life of the loan. If you make a 10% down ...

an FHA loan could be the way to go if you qualify. However, with the flexibility of the smaller down payment come some potential downsides, such as having to pay mortgage insurance premiums.

Conventional mortgages have private mortgage insurance (PMI), and FHA loans have mortgage insurance premiums (MIP), for instance. Not all loans require mortgage insurance. For example, you can ...

FHA loans don't come with private mortgage insurance, but borrowers do have to mortgage insurance premiums (MIP), which are slightly different: You'll pay 1.75% of the loan balance up front and ...