What Is MIP? Mortgage Insurance Premium, Explained
May. 17, 2023 | Written by: Shannon PancamoGetting a loan from the Federal Housing Administration (FHA) is an attractive option for homebuyers with less-than-stellar credit who aren’t sitting on a large nest egg. Buyers with a credit score as low as 580 can make a down payment as low as 3.5% of the total purchase price for an ...