[Greg]

FHA 101-

Up front premium of 1.5%
Ongoing MI of .50%/12 per month based on the balance.

I think that is a lender policy on those fees. (Or corespondent rule) In banker world it is about the same as anything else with fees.

I usually pick My Community because it is better for the customer on a purchase. Less fees. True 100% rather than messing with dp assist. Less confusion to the seller and agents. And an easier sale to the seller rather than a 9% concession for someone who is broke and buying a house.

I used to do FHA all the time. Still do. Let me put it this way. If it is over 100k then FHA. If not MCM. (When someone has no money down)

Also now there is a 40yr MCM. LPMI too. FHA is going to release that 100 though.