HUD Reduces Monthly Mortgage Insurance Premiums!!!
 January 10 2017     Posted by Ryan Meyer

Effective 1/27/17, Monthly Mortgage Insurance on FHA loans will be reduced by 25 basis points. This reduction will save homeowners just over $20 per month for every $100k of home they purchase. This is a pretty big deal considering interest rates have jumped up over a 1/2 of a point since early November. “After four straight years of growth and with sufficient reserves on hand to meet future claims, it’s time for FHA to pass along some modest savings to working families, This is a fiscally responsible measure to price our mortgage insurance in a way that protects our insurance fund while preserving the dream of homeownership for credit-qualified borrowers.” - HUD Seceratry Julian Castro

If you need help determing if an FHA mortgage is the best mortgage product for you, give me a call and we can discuss your situation. We are licensed in all of Florida.