Will the government extend the FHA insurance fee discounts that were initiated in 2009?

If you are referring to the discounted Upfront MI and discounted monthly MI for borrowers wishing to streamline their FHA mortgages initiated prior to May 2009, then under this program, they never put an end date.. So the program has not expired, and wont expire unless they decide to change the guidelines.. ..I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

The good thing about FHA is that when they initiate changes, the changes have no expiration date. The bad news is that this allows them to make changes on the fly. As of today, there are no publicized plans to cancel the enhanced MIP premiums for loans that HUD insured prior to June 1, 2009. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ Licensed in California and Arizona ~ www.LoansA2z.com 888-889-9950

I think your referring to the discounted Up front Mortgage Insurance Premium "UFMIP" on loans originated prior to June 1st 2009. This discounted rate of .01% VS the current 1.75% is available to current FHA customer who would like to take advantage of the FHA Streamline Refinance. I don't see any set day for the program to expire in HUD No. 12-045. If you would like more information please contact me at 517-489-2440. Thanks Gus D.

Right now there is No date set on it's expiration HOWEVER, that does not mean it can't get change and the program terminates. The Constant in this industry is "Change" and that program could go away so if you are thinking of refinancing just get it done while you know it's here and available. Contact a LOCAL Broker to help you out.

This option is only for streamline refinance of FHA loans. If you have an eligible loan don't delay, apply today. Rates aren't going to get any better. If you are working to improve your qualifications I would not expect there to be an end to the program anytime soon. If you want to purchase this program doesn't apply and FHA insurance costs are more likely to increase in 2013 and rates are not likely to get better than where they are. If you qualify and want to buy, now is the time.

The answer is yes if you are referring to the FHA Streamline Refinance. It does depend on when the loan that you are refinancing was closed and registered with FHA in 2009. Any questions, please let me know. = Mike 517 489 2328