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Hurry and make sure you get under contract and start your FHA loan before 6/1/13, because it will cost you more if you don't. FHA loans have been popular due to the minimum 3.5% down payment. FHA has been struggling for the past few years in rebuilding their reserves after experiencing heavy losses due to foreclosures. After 6/1/13 Mortgage Insurance Premium (MIP) will become a permanent payment during the life of the loan. As of now MIP can terminate when your reach 78% loan to value ratio. MIP typcially adds $150 more to your monthly payment. Avoid this being applied to the duration of your loan, and hurry to contact your Orlando Buyers Agent to find a home before 6/1/13, its not too late.