FHA Mortgage Insurance Reduction
On January 9, 2017 the US Department of Housing and Urban Development announced a reduction to FHA monthly mortgage insurance premiums by 0.25% on most loans. Ask your loan officer for further details.
FHA's new premium rates are projected to save new FHA-insured homeowners an average of $500 this year.*
Today's reduction will significantly expand access to mortgage credit for these families and is expected to lower the cost of housing for the approximately 1 million households.
Call today to see how much you may save!