After April 5, 2010, All FHA loans will have the initial Mortgage Insurance increased from 1.75% to 2.25% and the monthly premium to .75 basis points of the loan amount – regardless of the loan-to-value ratio.

You must have your contract accepted and your loan locked by April 4th to fall under the older guidelines.

If you have questions, please feel free to call or email anytime.  I’m always happy to hear from you.