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APPENDIX 1.0 – MORTGAGE INSURANCE PREMIUMS (03/20/2023)
Upfront Mortgage Insurance Premium (UFMIP) All Mortgages: 175 Basis Points (bps) (1.75%) of the Base Loan Amount. Exceptions:
• Streamline Refinance and Simple Refinance Mortgages used to refinance a previous FHA- endorsed Mortgage on or before May 31, 2009 • Hawaiian Home Lands (Section 247) • Indian Lands (Section 248) Indian Lands (Section 248) do not require a UFMIP.
Annual Mortgage Insurance Premium (MIP) Applies to all Mortgages except:
• Streamline Refinance and Simple Refinance Mortgages used to refinance a previous FHA endorsed Mortgage on or before May 31, 2009
• Hawaiian Home Lands (Section 247) Hawaiian Home Lands (Section 247) do not require Annual MIP.
Mortgage Term of More Than 15 Years Base Loan Amount LTV MIP (bps) Duration Less than or equal to $726,200
≤ 90.00% 50 11 years > 90.00% but ≤ 95.00% 50 Mortgage term > 95.00% 55 Mortgage term Greater than $726,200 ≤ 90.00% 70 11 years > 90.00% but ≤ 95.00% 70 Mortgage term > 95.00% 75 Mortgage term Mortgage Term of Less than or Equal to 15 Years Base Loan Amount LTV MIP (bps) Duration Less than or equal to $726,200
≤ 90.00% 15 11 years > 90.00% 40 Mortgage term Greater than $726,200 ≤ 78.00% 15 11 years > 78.00% but ≤ 90.00% 40 11 years > 90.00% 65 Mortgage term
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Appendix 1.0 – Mortgage Insurance Premiums (03/20/2023)
Streamline Refinance, Simple Refinance:
For refinance of previous Mortgage endorsed on or before May 31, 2009
UFMIP: 1 (bps) (.01%) All Mortgages
All Mortgage Terms Base Loan Amount LTV Annual MIP (bps) Duration All
≤ 90.00% 55 11 years > 90.00% 55 Mortgage term For Mortgages where FHA does not require an appraisal, the value from the previous Mortgage is used to calculate the LTV.
Hawaiian Home Lands Section 247
Hawaiian Home Lands Upfront MIP (UFMIP) Loan Term in Years ≤18 >18 and ≤22 >22 and ≤25 >25 MIP Financed 2.400% 3.000% 3.600% 3.800% MIP not Financed
2.344% 2.913% 3.475% 3.661%
Annual MIP is not assessed on Section 247 Mortgages.
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Appendix 2.0 – Analyzing IRS Forms (04/10/2025)