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For the Real Estate Professional

This site is dedicated to informing the Real Estate Professional. I Blog each Friday, to keep you informed of upcoming changes, statistics, rates and lending news.  There is also links to program brochures on the right, as well as charts and news to keep informed.
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Wednesday, February 22, 2023
FHA reduces Mortgage Insurance for home buyers

The Federal Housing Administration (FHA) has recently announced a significant reduction in its monthly mortgage insurance premium (MIP) from 0.85% to 0.55% for certain FHA loans, effective March 20, 2023. This move is expected to save homeowners thousands of dollars over the life of their mortgages, making homeownership more affordable and accessible for many. In this blog post, we will discuss what FHA loans are, what the MIP is, and how the recent reduction will benefit homebuyers.
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Posted by 375loan at 2/23/2023 1:15:00 AM
 Tags: fha home loan reduction mip mortgage insurance mortgage finance afford housing mortgage broker mortgage lender idaho boise nampa caldwell meridian
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