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Originally Posted by DrewKole
generally 8 or so years for the UFMIP.
Thats what Im saying, all FHA loans have to close and fund by the end of the month. If you close on the 1st, you pay interest for that entire month left.
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by the way most mortgage brokers will try to sell you on FHA loans because they get paid the most on them
what a world we live in!!!!