FHA Financing News

FHA News

Great news for Home Buyers seeking FHA Financing!!

In an effort to reduce the nations’ home affordability challenges, FHA will lower its annual Mortgage Insurance Premium by .30% -from .85% to .55%!  This change will take effect on March 20 and is expected to save FHA loan borrowers, primarily low- and middle-income and first-time buyers, an average of $800 in their first year of homeownership.

For more information on these changes and how you may benefit, feel free to contact me at any time!