Senior Contributor
Posts: 3,070
Registered: ‎11-02-2009
Re: Pay FHA ufmip at closing or finance it?

One thing to keep in mind here is what kind of credits you may have negotiated.  In our case, we had credits that exceeded our costs, so we paid the upfront MIP at closing so that we could take full advantage of the credits we were getting. 

Starting Score: ~500 (12/01/2008)
Current Score: EQ 681 (04/05/13); TU 98 728 (01/06/12), TU 08? 760 (provided by Barclay 1/2/14), TU 04 728 (lender pull 01/12/12); EX 742 (lender pull 01/12/12)
Goal Score: 720

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