Yes, HUD 232 loans wanted consumers to invest an MIP (Home loan Cost), just like the one another a-one-some time and a yearly expense. MIP of these loans has a-1% single MIP evaluation, payable on closure, and you will a great 0.65% yearly MIP costs, reduced from year to year.

1. Would you like Mortgage Insurance to own a good HUD 232 Financing?
2. What’s MIP?
3. For more information on FHA 232 fund, submit the form below to speak so you can a HUD/FHA loan specialist.