FHA Insured Loans
The FHA Program is the SECOND best way to purchase a home.
FHA Loans require Mortgage Insurance Premiums (MIP) paid up front in the mortgage and monthly as part of the mortgage payment. The UPMIP is currently at 1.75% of the loan amount. This applies regardless of the amortization term or the Loan to Value (LTV). The monthly FHA MIP is .85% of the loan amount divided by 12 months.
Copyright © 2013 American Fidelity Mortgage Services Inc
Illinois Mortgage Licensee License # MB 0000303
In the State of Illinois Mortgage Bankers are governed by:
IL Department of Financial & Professional Regulation Division of Banking
122 South Michigan Ave., Suite 1900 Chicago, IL 60603
Phone: (312) 793-3000
Fax: (312) 793-7097
Toll Free Consumer Hot Line: (877)-793-3470