Here is a history of FHA MIP. 1  Prior to January 2008 : 0.50% annual MIP. 2  October 2008 : 0.55% annual MIP. 3  April 2010 : 0.55% annual MIP. 4  October 2010 : 0.90% annual MIP. 5  April 2011 : 1.15% annual MIP. 6  April 2012 : 1.25% annual MIP. 7  April 2013 : 1.35% annual MIP. 8  January 2015 : 0.85% annual MIP.