https://boards.hellobee.com/ Pregnancy, Baby and Parenting blog, by Hellobee en Wed, 05 Aug 2026 01:45:00 +0000 https://boards.hellobee.com/topic/fha-and-pmi-going-up-6-3-13#post-634666 Tue, 12 Mar 2013 15:05:27 +0000 winniebee 634666@https://boards.hellobee.com/ <p>Eeek!! </p> https://boards.hellobee.com/topic/fha-and-pmi-going-up-6-3-13#post-634646 Tue, 12 Mar 2013 15:01:19 +0000 hellobeeboston 634646@https://boards.hellobee.com/ <p>@HLK208: eeek, i know! and maybe you won't have to? I could only get vague details online, i'm sure a mortgage broker could tell you more. you may only have to pay PMI over $625K? </p> https://boards.hellobee.com/topic/fha-and-pmi-going-up-6-3-13#post-634626 Tue, 12 Mar 2013 14:57:46 +0000 HLK208 634626@https://boards.hellobee.com/ <p>@hellobeeboston: no way!! I don't want to pay PMI forever! </p> https://boards.hellobee.com/topic/fha-and-pmi-going-up-6-3-13#post-634609 Tue, 12 Mar 2013 14:54:47 +0000 Mrs D 634609@https://boards.hellobee.com/ <p>Just FYI, I emailed my mortgage broker this AM and he confirmed that the changes do not effect existing FHA loans! Whew! :) </p> https://boards.hellobee.com/topic/fha-and-pmi-going-up-6-3-13#post-631204 Mon, 11 Mar 2013 14:38:29 +0000 StbHisMrs 631204@https://boards.hellobee.com/ <p>@2PeasinaPod: The way it was explained to me from a broker was only on new purchases. If you've purchased prior to 6-3-13 you're in the clear. She was warning us to hurry up and buy ;) </p> https://boards.hellobee.com/topic/fha-and-pmi-going-up-6-3-13#post-631179 Mon, 11 Mar 2013 14:34:11 +0000 hellobeeboston 631179@https://boards.hellobee.com/ <p>@Mrs D: I'm not 100% sure. You may want to call your mortgage broker to ask... but you will probably want to get your appriasal &amp; re-fi done before these changes if you're worried....or switch to a conventional loan if you can? wish I knew! sorry! </p> https://boards.hellobee.com/topic/fha-and-pmi-going-up-6-3-13#post-631165 Mon, 11 Mar 2013 14:29:03 +0000 sorrycharlie 631165@https://boards.hellobee.com/ <p>wow, this sucks. guess we won't be buying ANY time soon.. :( </p> https://boards.hellobee.com/topic/fha-and-pmi-going-up-6-3-13#post-631152 Mon, 11 Mar 2013 14:26:39 +0000 Mrs D 631152@https://boards.hellobee.com/ <p>@hellobeeboston: So...we have an FHA loan (from Nov 2010) and were planning to call and have an appraisal done to drop our PMI (since our home value has significantly increased...does that mean it will no longer be dropped? Or are these changes for new loans only? - Sorry I know you aren't the expert, just wondering if you got a sense from what you read... </p> https://boards.hellobee.com/topic/fha-and-pmi-going-up-6-3-13#post-631051 Mon, 11 Mar 2013 14:01:29 +0000 hellobeeboston 631051@https://boards.hellobee.com/ <p>FYI --- just saw this online, a little more info:</p> <p>Annual mortgage insurance premiums will rise by 0.10 percent for most new mortgages and 0.05 percent for loans of $625,500 or more.</p> <p>In addition, homeowners with FHA-backed mortgages will be required to continue paying the premiums, based on the unpaid balance, for the life of the loan. Premiums no longer will be canceled when a homeowner has repaid 22 percent of the loan's principal.</p> <p>Down payment requirements for loans of more than $625,500 will increase. Instead of the current 3.5 minimum down payment, borrowers will have to put down 5 percent. </p> https://boards.hellobee.com/topic/fha-and-pmi-going-up-6-3-13#post-631048 Mon, 11 Mar 2013 13:59:49 +0000 hellobeeboston 631048@https://boards.hellobee.com/ <p>is that for existing FHA loans carrying PMI - or only new purchases after 6/3? yikes! </p> https://boards.hellobee.com/topic/fha-and-pmi-going-up-6-3-13#post-631042 Mon, 11 Mar 2013 13:58:43 +0000 littlek 631042@https://boards.hellobee.com/ <p>As if PMI wasn't bad enough. Ouch. </p> https://boards.hellobee.com/topic/fha-and-pmi-going-up-6-3-13#post-630987 Mon, 11 Mar 2013 13:45:46 +0000 matador84 630987@https://boards.hellobee.com/ <p>Oh my gosh. We have pm I on a conventional loan. It's going up if you buy after June 3?? </p> https://boards.hellobee.com/topic/fha-and-pmi-going-up-6-3-13#post-630984 Mon, 11 Mar 2013 13:44:11 +0000 2PeasinaPod 630984@https://boards.hellobee.com/ <p>Hold up...say that again? So if you have an FHA loan with PMI, it's going to be going up as of June 3rd? </p> https://boards.hellobee.com/topic/fha-and-pmi-going-up-6-3-13#post-630944 Mon, 11 Mar 2013 13:28:22 +0000 plantains 630944@https://boards.hellobee.com/ <p>Whoa, that is insane! </p> https://boards.hellobee.com/topic/fha-and-pmi-going-up-6-3-13#post-581523 Thu, 21 Feb 2013 01:15:35 +0000 HLK208 581523@https://boards.hellobee.com/ <p>Ah. I hope my house sells soon in case we do have to get another FHA loan for our next house! </p> https://boards.hellobee.com/topic/fha-and-pmi-going-up-6-3-13#post-581521 Thu, 21 Feb 2013 01:10:49 +0000 Mrs. Jacks 581521@https://boards.hellobee.com/ <p>So happy that we completed our purchase recently! </p> https://boards.hellobee.com/topic/fha-and-pmi-going-up-6-3-13#post-581516 Thu, 21 Feb 2013 00:56:40 +0000 MrsCastro 581516@https://boards.hellobee.com/ <p>What the??? Are you serious!!! Dang it!!! </p> https://boards.hellobee.com/topic/fha-and-pmi-going-up-6-3-13#post-581429 Wed, 20 Feb 2013 23:33:25 +0000 StbHisMrs 581429@https://boards.hellobee.com/ <p>One of my realtor friends told me today that FHA is increasing private mortgage insurance by 250% on June 3rd. That means on a $250,000 home you'd be paying $5800 annually instead of $2300 annually if you purchase before June 3rd. OUCH!! </p>