FHA Single Family Mortgage Insurance

Upfront and Annual MIP      Loan terms greater than 15 years     Effective as of 7/14/2008

               Decision Credit Score (FICO)

LTV                    850-680         679-640       639-600        599-560     559-500     499-300      Non-traditional      

< 90.00              1.25/.50        1.25/.50       1.25/.50         1.50/.50      1.75/.50     1.75/.50           1.50/.50

90.01-95.00       1.25/.50        1.25/.50       1.50/.50         1.75/.50      2.00/.50        N/A              1.75/.50

> 95                   1.25/.55        1.50/.55       1.75/.55         2.00/.55      2.25*/.55      N/A               2.00/.55 

* A first time homebuyer, with HUD approved counseling, will pay only two percent for the upfront MIP 
   only applies to 559-500 credit score and over 95% LTV financing