does fha loan limits include upfront mip
applicable loan-to-value (LTV) limit, applied to the lesser of the sales price, or appraised value. The Department of Housing and Urban Development (HUD) issues a Mortgagee Letter (ML) announcing the new mortgage limits every year. 4155.1 2.A.1.b Upfront Mortgage Insurance Premiums Most FHA mortgages require the payment of an upfront mortgage insurance premium (UFMIP). The statutory loan amounts and LTV limits discussed in this handbook do not include the UFMIP. Continued on next page