The FHA’s Mortgage Insurance Premium (MIP) protects lenders but requires borrowers to pay upfront

https://telegra.ph/The-Process-of-Getting-an-FHA-Loan-A-Step-by-Step-Guide-for-Buyers-11-22

The FHA’s Mortgage Insurance Premium (MIP) protects lenders but requires borrowers to pay upfront and monthly fees as part of the mortgage.