Close
MyNorthwest
News
Opinion
Sports
Tools
Connect

SEATTLE NEWS ARCHIVES & FEATURES

Higher fees on FHA-insured loans kick in

Apr 9, 2012, 8:51 AM | Updated: Mar 4, 2016, 5:56 am

Tom Kelly's Profile Picture

BY TOM KELLY


Former MyNorthwest.com Content Contributor

The upfront insurance premium charged on FHA-insured mortgages for home purchases increased from 1 percent to 1.75 percent today (April 9), while the annual FHA mortgage insurance premiums rose by one-tenth of a percentage point.

The cost of a $200,000 FHA mortgage will rise by about $24 a month, assuming the borrower includes the upfront charge in the amount financed through a 30-year mortgage; a fee increase for jumbo loans and some 15-year loans will be added June 11.

The fourth fee increase in the past three years should boost the FHA’s reserves by more than $1 billion through 2013, according to HUD.

Seattle News Archives & Features

The Three Queens Fire near Snoqualmie Pass and Kachess Lake increased to more than 800 acres this w...

Tom Brock

Racing the Flames: Fast-growing wildfire forces evacuations near Snoqualmie Pass & Kachess Lake

A lightning-caused wildfire six miles west of Snoqualmie Pass is growing and threatening cabins at the north end of Kachess Lake.

3 days ago

The tiny eyes of about 20 cats are focused on a Tacoma police officer as he snaps a shot of them on...

Tom Brock

How 30+ cats survived on an abandoned Tacoma boat

Officers say they responded after receiving reports from people who spotted a lot of cats on a sailboat anchored just off Owen Beach, on the northern tip of Point Defiance Park

3 days ago

...

No Author

Win Tickets to See Gabriel Iglesias at Muckleshoot Casino Resort on August 29th!

Comedy fans, this is your chance to see one of the biggest names in stand-up live on stage! KIRO Newsradio and Seattle Sports are giving away a pair of tickets to see Gabriel Iglesias’s The 1976 Tour at the Muckleshoot Casino Resort Event Center. Event Details Date: Saturday, August 29, 2026 Time: 5:30pm & 9:30pm Venue: Muckleshoot Casino […]

4 days ago

Associated Press

Man charged with arson in Spokane, Washington, told police he planned wildfire for weeks

SPOKANE, Wash. (AP) — A Spokane County detective who interviewed the man accused of starting one of the city’s wildfires said the man confessed, described his planning process and explained how he created a device to ignite the blaze. Detective Michael Drapeau said in a court filing Wednesday that Aaron Farinacci told him that he […]

5 days ago

SWAT standoff Kent (1)...

KIRO Newsradio staff

VIDEO: SWAT standoff in Kent after assault suspect barricades in home

There is a SWAT standoff happening at a home in Kent.

5 days ago

Michelle Angstrom reacts to her burned down home and property after a wildfire hit the northwest pa...

Associated Press

Firefighters get a handle on Spokane wildfires as tens of thousands remain evacuated

SPOKANE, Wash. (AP) — Firefighters have taken advantage of cooler weather to begin getting a handle on wildfires that have displaced tens of thousands of people around Washington state’s second-largest city, but hotter, drier and breezier days lie ahead. Officials reported Wednesday that firefighters had established containment lines around the perimeters of all three fires […]

6 days ago

Higher fees on FHA-insured loans kick in