March 3, 2023

AHFA Aligns with FHA Reduction of MIP Rates

Effective immediately, AHFA/ServiSolutions is aligning with the Housing and Urban Development (HUD) Mortgagee Letter (ML) 2023-05, which announced the reduction of the Federal Housing Administration (FHA) annual Mortgage Insurance Premium (MIP) rates.


This reduction in the rate for annual MIP is effective for loans endorsed on or after March 20, 2023. 


AHFA/ServiSolutions will purchase loans with reduced premium amounts as long as the date of insuring (endorsement) is on or after March 20, 2023. Any loan insured prior must use the current premiums. 


For FHA FAQs, please click here.


If you have any questions about this information, please contact Lisa Treece at ltreece@ahfa.com.

Alabama Housing Finance Authority | www.AHFA.com

Facebook  Instagram  Linkedin  Youtube