06/14/2026
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! 🏡💡
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Alin Arsenov
APA Homes, DRE 02166761
APA Mortgage, NMLS 2286832