HI all, word on the street is that the FHA annual mortgage insurnace premium is going to increase...again! If you are still on the fence about buying a home, you should know that the Federal Housing Administration (FHA) is increasing mortgage insurance premiums on FHA home loans as of April 18, 2011. This deadline applies to the FHA case assignment date.

This increase could cost you more money each month for your total monthly mortgage payment. What can you do? Buy now before the new mortgage insurance premium takes effect. You must have an active loan application for the subject property prior to April 18, 2011 and have ordered an FHA case number prior to that date.

Call me at 215-576-8666 to start your home search today!