reminder: save on your mortgage insurance premiums
As a reminder,
FHA will reduce multifamily mortgage insurance rates for commitments issued after April 1, 2016. The new rates will apply to affordable,
mixed-income, and energy-efficient multifamily housing developments.
CHFA Program Benefits:
To learn more about FHA’s mortgage insurance premiums reduction announcement,
- With this change, CHFA will reduce the mortgage insurance premium for
multifamily loans using the CHFA 542(c) Risk Share 50/50 program to 12.5
basis points, from 25 basis points.
remember chfa for your lending needs
CHFA is a leading lender under the FHA Section 542 (c) Risk Share program, a tool exclusively available to housing and finance agencies.
FHA financing offers a number of benefits such as longer amortization, and flexible underwriting standards critical when developing or preserving affordable rental housing.