Team Neal - Amy & Cory Neal
First Choice Loan Services

      Need a mortgage prequalification letter?  Call us NOW at 469-363-3298!     

Team Neal is a local boutique Texas mortgage lender that focuses on RAVING fan customer service and GREAT mortgage rates!

Mortgage Insurance

Mortgage insurance is a policy that protects lenders against losses that result from defaults on home mortgages.

 

Current Up-Front Mortgage Insurance Premium

The UPMIP is currently at 1.75% of the base loan amount. This applies regardless of the amortization term or LTV ratio.

Currently Monthly FHA Mortgage Insurance

For loans with FHA case numbers assigned on or after June 3, 2013, FHA will collect the annual MIP as per the chart below: