March 14, 2023
2 min
FHA Mortgage Insurance Premiums: Answering All Your FAQs
Mortgage insurance, also known as MIP or Mortgage Insurance Premium, is an important part of the FHA loan process. In this article, we'll discuss what FHA loan MIP is and how it impacts your monthly mortgage payment.
*Update: FHA MIP is dropping 30 basis points (bps) starting March 20th, 2023, making homeownership more affordable for all.
