Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is Upfront Mortgage Insurance Premium (UFMIP)?

April 26, 2017mortgage insurance Premium ufmip upfront

0

Posted

What is Upfront Mortgage Insurance Premium (UFMIP)?

1 Answer

0

Posted

UFMIP is required on all FHA loans regardless of the down payment or loan to value. This is Foreclosure Insurance to protect the lender in case of default by the borrower. Disclaimer: The information on this page is for illustration purposes only. Please contact us regarding your individual loan needs. CUFS makes no representations or warranties regarding the accuracy of the information provided on this page. Any warranties or representations expressed or implied are hereby disclaimed in their entirety.