FHA Mortgage Insurance Premium Changes Will Help Homeowners with FHA Home Loans in Colorado

“FHA Mortgage Insurance Premium” Changes effective 11 June 2012 will help millions of Americans to include those Homeowners with FHA Home “Loans in Colorado”. Most individuals who had gotten an “FHA Mortgage” during the past 4 years have been unable to refinance because FHA had almost tripled their “Mortgage Insurance Premiums” which negated or wiped out almost all the savings with even these historic low interest rates. “HUD” – FHA is finally correcting this situation.

Timing is important. Individuals with an FHA Mortgage that was endorsed prior to 1 June 2009 can benefit if they wait till 11 June 2012 or later to get their new FHA Case # when they decide to refinance under the FHA Streamline Loan Program. If they apply to early, it will cost them dearly….thus this video: http://youtu.be/CYrh2pMUOSY.

I consider these changes in FHA Mortgage Insurance Premiums to be the biggest gift that HUD – FHA has ever given Americans. I even called FHA because I could not believe that they were decreasing the FHA Up Front Mortgage Insurance Premium from 1.75 to .01. This represents a huge savings right up front when an individual refinances under the “FHA Streamline Loan” Program.

If your new FHA mortgage has a term greater than 15 years, i.e 20-year fixed FHA, 30-year fixed FHA), your new loan’s MIP schedule is as follows :

– For loans with LTV greater than 95 percent : 0.55% percent annually
– For loans with LTV less than, or equal to, 95 percent : 0.55%% percent annually

Or, when your new FHA mortgage has a term of 15 years or fewer, the new loan’s MIP schedule is :

– For loans with LTV greater than 90 percent : 0.55% percent annually
– For loans with LTV less than, or equal to, 90 percent : 0.55% percent annually
– For loans with LTV less than, or equal to, 78 percent : No annual MIP required

For all your Colorado Mortgage and Home Loan advice, contact Randy Flood, Licensed Colorado Mortgage Broker with The Mortgage Network at 303-521-9550 or visit https://www.facebook.com/#!/RandyFloodTheColoradoMortgageBroker.

About Michele

Michele Andrea Bowen has been a financial consultant for just shy of 22 years. Her client base ranges from individuals, to families, to small and medium sized businesses. Her expertise extends from daily money management, to insurance, to planning for retirement, as well as managing finances in retirement.


  1. Ilka Flood says:

    Great information! Really helpful.

  2. sypler stetaseld says:

    I’ve always been satisfied with Randy Floods presentations. You’ll not find
    anyone who can describe “FHA Mortgage” like he does!

  3. jean Dorothy says:

    Great video…It really helped me understand why I couldn’t refinance my FHA
    mortgage before when I called mortgage companies. Please contact me.

  4. Lucille Minor says:

    I’ve tried to refinance my FHA mortgage home loan several times when the
    rates dropped and I was told by the lender that they couldn’t do it. Now I
    understand why. Thanks!

  5. Micheal Vasquez says:

    I’m not good with figures so I like the graphs too….so I can see if I’m
    making an informed decision. I’ll be contacting you.

  6. Cierra Reulet says:

    I want to take advantage of these much lower FHA Mortgage Insurance
    Premiums. What do I need to do now??

  7. Stella Wright says:

    Ditto, I couldn’t refinance my FHA mortgage either…so now I can if I wait
    after 11 June, right?

  8. Ilka Flood says:

    Hi gbetechful, …thanks for your nice compliment!

  9. phillip simon says:

    I can see now why my savings due to the lower interest rates were wiped out
    by the FHA Mortgage Insurance Premium increases. Thanks

  10. Bob Marketer says:

    Keep it up and youll go big.

  11. btkrangerdanger says:

    upload more

  12. tutorialblimboj says:

    We want more of your VIDEOS !

  13. chanel lman says:

    Can you help me, I’m in Virginia

  14. smarthelp4you says:


  15. DarrienEdits says:

    this is the best thing ive seen in a while

  16. Denis One says:

    Truly Amazing!!? Thank You!

  17. le minh says:

    Best video Ive seen in a long time!

  18. 19MrOlli95 says:

    good qulatiy

  19. MrContradicted says:

    good job i am stunned from your work and the time you spend on that video!
    my subcribe is will infrom me for your future video!

  20. Ceonycon1 says:

    Thank? you for this. 🙂

  21. 48047paulsplace says:

    One of the more unique videos Ive seen!

  22. PrismHeart says:

    I love your channel!

  23. myciokas says:

    insane video! Im gonna send it to my gf

  24. Sun Day says:

    Ditto, I couldn’t refinance either…so now I can if I wait after 11 June,

  25. lassday says:

    These new law do ZERO for people applying for a NEW FHA LOAN AFTER
    06/11/2012. Evereyone who had an FHA loan prior to thsi will enjoy the
    benefits while new FHA loans will pay higher upfromt from 1% to 1.75%. Can
    someone please please tell me how these new guideline help NEW FHA loans,
    because I don’t see it?

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