New Private Mortgage Insurance (PMI) Rates Effective January 26, 2015

The following table shows the existing and new annual MIP rates by amortization term, base loan amount, and Loan to Value (LTV) ratio. All New MIP amounts set forth in this table are effective for case numbers assigned on or after January 26, 2015. (Source: US Department of Housing and Urban Development Jan 9 2015 Memo)

Base Loan Amt. LTV Previous MIP New MIP

Term > 15 Years

≤ $625,500 ≤ 95.00% 130 bps 80 bps

≤ $625,500 > 95.00% 135 bps 85 bps

> $625,500 ≤ 95.00% 150 bps 100 bps

> $625,500 > 95.00% 155 bps 105 bps

Term ≤ 15 Years

≤ $625,500 ≤ 90.00% 45 bps 45 bps

≤ $625,500 > 90.00% 70 bps 70 bps

> $625,500 ≤ 90.00% 70 bps 70 bps

> $625,500 > 90.00% 95 bps 95 bps

 

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