Home > Bulletin Archive > FHA Mortgage Insurance (MIP) Increase March 29, 2010 FHA Mortgage Insurance (MIP) Increase Per HUD Mortgagee Letter 2010-02; the upfront mortgage insurance premium will be increasing to 2.25%. The increase is effective for all FHA loan case numbers ordered on or after April 5, 2010. This information is for use by mortgage professionals only and should not be distributed to or used by consumers or other third parties. Information is accurate as of the date of printing and is subject to change without notice. PDF of this Bulletin