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Today FHA is making some changes.  The upfront MIP is increasing from 1% to 1.75%.  The monthly MIP is increasing from 1.15% to 1.25%.  Although these are small changes, they can make a difference when getting a mortgage.  Another change is that if you have more than $1K in collections (even if they are medical collections) you will need to resolve the collections or provide proof of a payment plan with three months of consistant payments.