lower rates are here! save on your mortgage insurance premiums As a reminder, FHA has reduced multifamily mortgage insurance rates for commitments issued after April 1, 2016. The new rates 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 has reduced 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.