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!