low down payments: PMI (Private Mortgage Insurance) cut in 2017 - 01/12/17 02:23 PM
FHA due to cut Rates
Something that will help FHA borrowers is a reduction in the rate being charged for PMI insurance. As of Januarty 27th 2017 the rate will drop from .85% to .6% which is great news for borrowers. This change will effect the debt to income ratio which gives the buyer more buying power. As per Inman news this will  save borrowers $500 this year. 
 
FHA Benefits
The benefits of an FHA loan are lower downpayment is required as well as lower credit scores. Also these loans are guaranteed by the FHA Federal Housing Administration.  The guidelines are set to help … (1 comments)