FHA Mortgage Insurance

# Requires a fee paid at closing or a portions of this feed added to each monthly payment of an FHA loan to insure the loan with FHA

# Requires a fee (up to 2.25 percent of the loan amount) paid at closing to insure the loan with FHA. In addition, FHA mortgage insurance requires an annual fee of up to 0.5 percent of the current loan amount, paid in monthly installments. The lower the down payment, the more years the fee must be paid.

# The Federal Housing Administration, a government agency, provides insurance on some types of mortgage loans. An FHA-insured loan also allows you to buy a house with a low down payment, ranging from 3%-5% depending on the price of the home. The buyer pays a one-time fee of 3.8% of the loan amount for the mortgage insurance premium at closing time, and there is an additional annual fee for low down