New MIP Rates Unveiled for FHA Multifamily

Filed in Codes and Standards, Housing Finance, Multifamily by on October 3, 2015 0 Comments

The Department of Housing and Urban Development (HUD) has announced mortgage insurance premiums (MIPs) as of Oct. 1 for Federal Housing Administration Multifamily, Health Care Facilities and Hospital mortgage insurance programs that have commitments to be issued or reissued in fiscal 2016.

There are no changes in the rates from the previous fiscal year, which ended Sept. 30.

The rates do not apply to loans insured under the Risk Sharing programs of section 542(b) or 542(c) of the Housing and Community Development Act of 1992.

See the chart above for details. For additional information about Multifamily MIPs, contact Michelle Kitchen at 800-368-5242 x8352.MIP in 2016

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