Home Buying in Margate>Question Details

Capragal, Home Buyer in Coconut Creek, FL

Is FHA mortgage insurance deductable?

Asked by Capragal, Coconut Creek, FL Fri Jun 15, 2012

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Steve (888) 662-4404’s answer
It's been that way for a few years, if you make under 100k. That was why the 80/20 loans with NO PMI were so attractive.

Though I close FHA loans, with the FHA 1.75% Financed MIP Fee ($5,200 on a 300k loan amount in basically Gov. Points), plus the monthly MI payment, FHA is actually a very costly loan.

But it’s the only tool in the toolbox for many. But most have options they are never educated about.

Loan options at: http://www.pro-option.com
0 votes Thank Flag Link Fri Jun 15, 2012
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