Removing Fha Monthly Mortgage Insurance If you signed an FHA mortgage agreement before June 3, 2013, then removing your mortgage insurance premium works much the same as it does for PMI insurance. Once you’ve made at least five years of premium payments and reached a loan-to-value ratio of 80%, you can request removal of premiums.

FHA Loans in Illinois, Oak Brook. 1,834 likes. This page is designed to answer questions and provide knowledge and insight on FHA loans in Illinois.

Judy Biggert, R-IL. They are proposing an increase in FHA down payments to 5 percent, lowering the loan limit cap and not allowing closing costs to be rolled into the loan. The reason they are.

Fha 30 Year Fixed Rates History Fha Mortgage Insurance Reduction APPENDIX 1.0 – MORTGAGE INSURANCE PREMIUMS Upfront Mortgage Insurance Premium (UFMIP) All mortgages: 175 basis points (bps) (1.75%) of the base loan amount. exceptions: streamline Refinance and simple refinance mortgages used to refinance a previous FHA-endorsed Mortgage on or before May 31, 2009 hawaiian home lands (section 247)