FHA Upfront Mortgage Insurance Premium (UFMIP)

Looking to purchase with a no or low down payment home loan? FHA may be a good option for you. One thing to be aware of with FHA is that is has a one-time upfront mortgage insurance premium (UFMIP) that can either be financed into the loan or paid at closing. Scott covers the topic of FHA UFMIP and how it impacts your loan amount, monthly payment and how you can get a refund of your UFMIP. CHAPTERS: 00:00 No & Low Down Mortgage Options 01:07 How Much is FHA UFMIP 01:37: How is FHA UFMIP Calculated 02:25 FHA Loan Limits with UFMIP 02:55 Finance UFMIP or Pay at Close 03:50 FHA UFMIP Refund Related Videos: The Cost of FHA Monthly Mortgage Insurance (MIP) | MIP Rate & Payment Calculation: /watch/wEr6Qxv5GfA56 How to Find Down Payment Assistance Programs Where You Live: /watch/MAdAB9OJQskJA What is Mortgage Insurance: /watch/cN6lwOeRDaVRl FHA vs Conventional 2020: /watch/sisOlQaIIB5IO 🔴 Don’t forget to subscribe to our channel: /channel/UCCi5azdvJ0HlagUEqfF8lrA Whenever you're ready...here are some ways we can assist with your next home purchase: 📙 Download our Homebuyer Guide: Things to Consider When Buying a Home. https://www.lendingahand.com/guide/ 🤑 Get the list of the No & Low Down Mortgage Options (in Colorado) so you can purchase your next home with less money than you thought possible. https://www.lendingahand.com/l/no-low-down/ 🚀 Want a boost in your credit score? Most advice about credit is generic or misleading and can hurt your home loan qualifying position. Take advantage of our Credit Booster Program and we'll provide the exact steps you need to take to boost your credit score fast with a home purchase and mortgage pre-approval as the top priority! https://www.lendingahand.com/l/credit-booster/ ⛰️ Want a pre-approval that makes buying a home easy? Find out how our Rock Solid Pre-Approval provides you with the confidence you can buy a home and are utilizing the best home loan option to do so. https://www.lendingahand.com/l/pre-approval/ Scott Wynn Wynn & Eagan Team at Citywide Home Loans Mortgage Advisor (720) 608-5533 YouTube: /channel/UCCi5azdvJ0HlagUEqfF8lrA Facebook: https://www.facebook.com/wynnteam Instagram: https://www.instagram.com/wynnteam/ Website: https://www.lendingahand.com/ This is not a commitment to lend. Program restrictions apply. 11990 Grant Street, Suite 120, Northglenn, CO 80233 Visit https://www.lendingahand.com/about/licenses/ for detail on our licenses.

Category