If your current mortgage was endorsed by the FHA before June 1, 2009, the upfront premium is 0.01 percent of the loan amount, says Parsons. "It is a cost, but not usually an out-of-pocket cost, since it is almost always added to the loan balance," he says.In addition to the upfront premium, these loans also require an annual premium -- paid monthly -- of 0.55 percent of the base loan amount.
FHA Streamline Refinance: The Easiest Way To Refi?
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