Annual Mortgage Insurance Premium Changes April 2011

Subject:

Annual Mortgage Insurance Premium Changes and Guidance on Case Numbers

Note:

This increase applies to all mortgages insured under FHA’s Single

Family Mortgage Insurance Programs

Purpose:

This Mortgagee Letter introduces a 25 basis point increase to the Annual Mortgage

Insurance Premiums for forward mortgage amortization terms. It also provides

guidance on the validity period of case numbers and new requirements for requesting

them.

Effective Date:

The increase in Annual Mortgage Insurance Premiums for forward mortgage

amortization terms is effective for case numbers assigned on or after April 18, 2011.

The new procedures for requesting case numbers are effective on April 18, 2011.

Automatic case number cancellation is effective for all case numbers not insured

prior to April 18, 2011.

Please address any questions about the topics in this Mortgagee Letter to the FHA

Call Center at 1-800-CALLFHA. Persons with hearing or speech impairments may

reach this number via TDD/TTY by calling 1-877-TDD-2HUD (1-877-833-2483).

To receive the Department of Housing and Urban Development 5 page document regarding this increase, email lisaandyou@gmail.com

Danbury Rental | 2 bedroom townhouse available for $1500 (also for sale)

Danbury, Connecticut - Immaculate two-bedroom townhouse offering an open and spacious floor plan perfect for entertaining family & friends. Interior highlights include, exceptional fixtures, kitchen with granite countertops and center island (portable), living room with gas fireplace and bay window, dining room with sliders to deck overlooking courtyard and generous master bedroom offering vaulted ceiling, walk-in closet, ceiling fan and full master bath with granite countertop and tile floor. Finished bonus room which can be used as an office/den offering access to patio/outdoors. Plenty of storage in attic and partial basement, laundry (washer/dryer included), central air, one-car garage and more! Enjoy the advantages of living in a well maintained community within walking distance of everything. Making it an ideal location, just minutes to Danbury train station, shopping, restaurants, library, park, gym, schools & public transportation.Enjoy the excellent combination of comfort & convenience. Plus, maintenance FREE exterior living, low common charges and manicured grounds.

The Enclave.

Also for sale $255,000.

Presented by Lisa Brown, REMAX Unlimited
Northern Fairfield County Real Estate

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