FHA Reduces Mortgage Insurance Premium!
HUD just announced that the mortgage insurance rates on FHA loans will be reduced with new registrations of 1/26/15 or later.
The new mortgage insurance rate will be .85% for loans with less than five percent down, or .8% for loans with five percent down or more.
On a $400,000 loan this is a savings of $166/mo!
Please reach out to me if you have or know someone with an FHA loan, or would like to get pre-approved!