New Changes to FHA/ Utah Housing Coming April 1, 2013

1. Annual Mortgage Insurance Premium will be increasing for most new mortgages by 10 basis points. 2. Most FHA borrowers will be required to pay annual Mortgage Insurance premiums for the life of their FHA mortgage. 3. Down payment will be increased to 5% minimum on loan amounts > $625,500 4. Borrowers with previous foreclosures [...]