Do FHA loans require impound accounts?

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Landmark Premier Properties Brian Janes --- Steve Eastin 401 Arapahoe St / PO Box 111 Kiowa, CO, 80117 Office: 303-646-1171 Fax: 303-646-2332 landmark@landmarkpremier.com www.landmarkpremier.com Lic. #: 34343

Do FHA loans require impound accounts?

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Do FHA loans require impound accounts?

Yes, according to the "Realty Bluebook," 30th Ed., Dearborn Financial Publishing, Chicago; 1993: "Under FHA financing it is the lender's responsibility to ascertain that property taxes and hazard insurance premiums are paid when due. Lenders, therefore, will insist that the monthly payments include proportionate amounts for taxes and insurance."

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