Kenneth Harney at the SF Chronicle lists a few possible changes: FHA looking for ways to pump up its reserves . Harney lists four possible changes: Higher down payments. The current downpayment requirement is 3.5%, and Harney mentions proposals for an increase to 5% or more. This will probably not be changed. Higher mortgage insurance premiums. Currently, FHA charges an “up-front” mortgage insurance premium of 1.75 percent of the loan amount. Most borrowers roll that into their loan and finance it. FHA also charges an annual premium, paid in monthly installments, of either 0.5 percent or 0.55 percent, depending on the down payment. To rebuild reserves, FHA could … raise the up-front premium to 2 percent or as high as the current statutory maximum of 2.25 percent.

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