Does FHA know when and how often the risk-based premiums will adjust?
A. FHA does not anticipate changing premiums frequently, but we will review them on an annual basis. Any change will be effective at the beginning of the fiscal year, which begins October 1. We plan to make changes 60-90 days before it goes in effect so that everyone has time to make necessary adjustments.
Related Questions
- Under FHAs Risk-based premium structure, what is the range of upfront mortgage insurance premiums that you will charge?
- Does HUD anticipate requesting statutory changes to allow FHA to increase the risk-based premiums limit above 225?
- Does FHA know when and how often the risk-based premiums will adjust?