Mortgage Insurance Premium Increase


What’s Changing?
Effective March 16th, 2017 at 11:00 pm EST, the premium rates for 1-4 unit owner-occupied purchases will increase (see NEW Standard Premium Chart on the right). The premiums for 2-4 unit non-owner occupied rentals remain unchanged (see the EXISTING Standard Premium Chart on the left).

EXISTING NEW
LTV Ratio Total Loan Amount Increase to Loan Amount   LTV Ratio Total Loan Amount Increase to Loan Amount
Up to
65.00%
0.60% 0.60%   Up to
65.00%
0.60% 0.60%
65.01% – 75.00% 0.75% 2.60%   65.01% – 75.00% 1.70% 5.90%
76.01% – 80.00% 1.25% 3.15%   76.01% – 80.00% 2.40% 6.05%
80.01% – 85.00% 1.80% 4.00%   80.01% – 85.00% 2.80% 6.20%
85.01% – 90.00% 2.40% 4.90%   85.01% – 90.00% 3.10% 6.25%
90.01% – 95.00% 3.60% 5.65%   90.01% – 95.00% 4.00% 6.30%
90.01% – 95%

Non-Traditional Down Payment

3.85% 5.65%   90.01% – 95%

Non-Traditional Down Payment

4.50% 6.60%

Many lenders have cut off deadlines before this date. Contact me today to have your application submitted before the deadline.

 

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