Effects. Buyers using an FHA-insured mortgage to buy a home are required to pay an upfront mortgage insurance premium, or MIP. In 2010, the MIP percentage was 2.25 percent of the loan amount. In our example of the $350,000 home, the loan amount would be $350,000 minus the $12,250 down payment, or $337,750.he down payment amount is calculated by multiplying the home purchase price times 3.5 percent, or 0.035. For example, the required down payment on a $350,000 home would be $12,250. The home buyer would have to bring this amount plus any additional closing costs when the papers are signed to buy the house.
Active Duty vs. Reserve or National Guard What is the difference between someone who is active duty military and someone who is in the Reserve or National Guard? A person who is active duty is in the military full time. They work for the military full time, may live on a military base, and can be deployed at any time. Persons in the Reserve or National Guard are not full-time active duty military personnel, although they can be deployed at any time should the need arise. The Reserve Each branch of the military has a Reserve component and the Reserve are under the command of their respective military branch (e.g., Army Reserve are under the command of the Army).
Thread: UCMJ and IRR. UCMJ and IRR What is the name of your state (only U.S. law)? I was under the impression that the UCMJ only applied to servicemembers on Active Duty or Reservists/Guardmen called to Active Duty/ for EAD or drill functions. How does this relate to people in the IRR who are not on active duty and do not drill?