FHA Loan Criteria to have Unmarried-Family unit members or other Attributes Initial mortgage insurance premium (UFMIP): This fee need to be paid off from the closure (otherwise set in your loan number) and that is currently step one.75% of your own loan amount. Particularly, this should mean an extra $step 3,500 due at the closing to have a $2 hundred,000 financing. Annual Financial Cost (MIP): This a lot more insurance policies rates ranges regarding 0.45% to 1.05% of the amount […]