04/21/2026
Mortgage Term of the Day:
Also known as the Mortgage Insurance Premium (MIP), the FHA funding fee is a charge borrowers pay to insure their FHA loan.
🔹 It protects lenders in case of default
🔹 Usually paid upfront at closing or rolled into your loan
🔹 Required for most FHA loans, regardless of down payment
Knowing this fee helps you understand the full cost of your FHA mortgage! 🏡💡
Want to know how much your home is worth? Find out now! https://homeasap.com/911565/homevalue