If you were a first-time home buyer, had less-than-ideal credit, or owed a lot of debt while home shopping, then you may have chosen an FHA loan rather than a regular conventional mortgage. But while ...
FHA loans require an upfront mortgage insurance premium (MIP) of 1.75% of the base loan amount, which can be rolled into the loan. There's also an annual premium, which is divided by 12 and added to ...