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2012-02-29 11:21:05
HUD Press Release | Utah Real Estate

 

 

ALL FHA BUYERS

 

HUD announced yesterday that effective April 1, 2012, they will be increasing their Monthly MIP premium  to 1.25%. In addition, they will be increasing their Up Front MIP by .75% to 1.75% which will also be effective  April 1, 2012 . HUD also announced that effective June 1st, they will be increasing the Monthly MIP on high balance loans over $625,500 by .25%.

So if you are planning on buying a home this year you may want to act sooner rather than later. The price for buying Utah Real Estate is going up.

 

Below is a link to the Press Release:

 

http://portal.hud.gov/hudportal/HUD?src=/press/press_releases_media_advisories/2012/HUDNo.12-037

 

Any questions call or email. Let’s get those FHA Buyers off the fence so it doesn't cost them an arm and a leg!

Thank you!

Brodie Calder

Summit Lending & Associates

801-710-2602

bcalder@summitlendingassociates.com

 
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