BEWARE! Big FHA Increase on Monthly Mortgage Insurance Premium on April 18th....
On April 18th, FHA will be adjusting the monthly mortgage insurance premium. This could potentially have a big impact on buyers qualifying for a FHA loan.
For instance on a $150,000 purchase with an adjusted loan amount of $146,975, the monthly mortgage insurance will go from $110.23 per month to $140.85 per month.
If you are or have an FHA Buyer you need to see your lender as soon as possible. This will save you hundreds of dollars if you buy now.
If a Buyer has good credit, there are other programs that will further save money.
Give me a call if you would like additional information.
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Pam Jank , Your North Idaho Real Estate Pro, with any of your Real Estate / Relocation / New Construction and/or Referral needs:
Pam Jank, Realtor, GRI, CRS, ABR, RRS, SFR, PPS
Previews Property Specialist
Fax: 208-446-0660 Toll Free: 800-829-2555 EXT.1275
COLDWELL BANKER SCHNEIDMILLER REALTY
1924 Northwest Blvd
Coeur d'Alene, ID 838314