Zillow Advice RSS: Discussion,Mortgage,MT http://www.zillow.com/advice/MT/mortgage/discussion/ Zillow Advice search results | Zillow Real Estate HARP qualification with stated income on original loan. http://www.zillow.com/advice-thread/HARP-qualification-with-stated-income-on-original-loan/422259/ I have contacted Chase who holds my <a href="http://www.zillow.com/mortgage-rates/">mortgage</a> now asking about the HARP program. My loan&nbsp;was&nbsp;Freddie Mac guaranteed, was before May 31 2009 and I am current and have been, but they told me since my original <a href="http://www.zillow.com/mortgage-rates/">loan</a> was made with stated income I dont qualify for HARP. I can't find any information that this is true, can anyone verify this?<br \><br \>4 replies Wed, 09 Nov 2011 16:41:00 GMT http://www.zillow.com/advice-thread/HARP-qualification-with-stated-income-on-original-loan/422259/ 2011-11-09T16:41:00Z Changes in FHA Mortage Insurance Premiums http://www.zillow.com/advice-thread/Changes-in-FHA-Mortage-Insurance-Premiums/478537/ <br/><br/><p>Buyers who are purchasing a home with FHA financing (31/2% down payment) are required to have mortgage insurance on their loan.<br/><br/>Beginning April 1, 2013, the mortgage insurance premium will go up by .1% to 1.35% that is calculated on their loan amount.</p><p>The staggering increase will occur on 6/3/2013 when FHA's policy on the duration of the required mortgage insurance will be increased for the life of the mortgage. It basically doubles the amount of total MIP if the loan is paid to term.<br/>The 3.5% FHA program has provided a great vehicle to get into a home with a minimum amount of cash.Currently, the MIP is required for approximately 9 years 9 months with normal amortization. The new program would require the MIP for the life of the loan.&nbsp;</p><p>For homeowners that expect to stay in their home for ten years or less, the new changes might not have much financial impact.</p><p>For buyers to avoid these increases, they will need to buy now to get the FHA commitment issued prior to these change dates.</p><br/><br/><br \><br \>2 replies Wed, 13 Feb 2013 23:21:00 GMT http://www.zillow.com/advice-thread/Changes-in-FHA-Mortage-Insurance-Premiums/478537/ 2013-02-13T23:21:00Z