Talking about your mortgage: FHA, VA, or RHS fees
The Federal Housing Administration (FHA) offers insured mortgages and the Veterans
Administration (VA) and the Rural Housing Service (RHS) offer mortgage guarantees.
If you are getting a mortgage insured by the FHA or guaranteed by the VA or
the RHS, you will have to pay FHA mortgage insurance premiums or VA or RHS guarantee
fees. As with Private MI, insurance premium payments will stop when you acquire
22% equity in your home. FHA fees are about 1.5% of the loan amount. VA guarantee
fees range from 1.25% to 2% of the loan amount, depending on the size of your
down payment (the higher your down payment, the lower the fee percentage). RHS
fees are 1.75% of the loan amount.
Refinance.net is committed
to helping consumers find great
rates and information on mortgage refinancing
loans. We are not a loan originator,
agent, broker or carrier. We simply
provide relevant information and a
more convenient method for consumers
to request refinancing quotes from
licensed professionals near their
homes.