2015 FHA Guidelines



Down Payments

All FHA home loans require down payments.To acheive maximum financing, 3.5% of the price of the home must be initially paid. Loan to value ratio (LTV) of 90% requires 10% down or higher depending on the terms. Mortgage insurance to protect against default is required for all borrowers making down payments less than 20%. As of 2015, the current Up-Front Mortgage Insurance Premium (UPMIP) is at 1.75% of the base loan.

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