Cancelled!! FHA Mortgage Insurance is Going Down in 2017!!

Mortgage and Lending with - Core Lending NMLS #293883



The government(HUD) just made a huge announcement on FHA loans, the monthly mortgage insurance is going down. This is great news as this allows more buying power to those looking to purchasing a home.  Here are the specifics:


  1. For those loans with a loan to value of over 95% the monthly MI goes from .85% to .60% on a 30yr mortgage. This would benefit any home buyers who use the usual min down payment of 3.5%. On a home purchase of $250k this would save the buyer $50 a month off their payment!! And for loan to values of 95% and under the MI will go from .80% to .55%

  2. On 15 mortgages the MI will go from .70 to .50% when you are borrowing more than 90% of the home’s value. And when borrowing 90% and under the MI will go from .45% to .25%.


This change goes into effect for any loans closing on or after Jan 27th, 2017! 

Posted by





David Krichmar 

Mortgage Banker NMLS#293883 NMLS

Core Lending A Division of Goldwater Bank, NA- Mortgage Division

Branch NMLS#868672  GB NMLS#452955

Has Written For Realtor Magazine, Houston Agent Magazine, Scotsman Mortgage Guide

Appeared On Fox Business


Named 5 Star Mortgage Professional 2013, 2014, 2015, 2016

Named Top Mortgage Professional 2010,2011


For More Mortgage Info Follow me at  Dave's Blog


If you are looking for a FHA, VA, USDA, Homepath, Conventional, Jumbo, Construction, FHA 203k mortgage in Fort Bend County, Sugar Land, Houston, Katy, Harris County, Brazoria County, Pearland, Richmond, Bellaire, West University, The Woodlands, Kingwood, Friendswood, Clear Lake, Galveston, Fulshear, Tomball, Spring, Conroe, Montgomery County or anywhere in Texas I am your GUY!  

I also can do mortgages in: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington, West Virginia, Wisconsin, Wyoming.

facebook Dave Your Mortgage Guylinkedin David Krichmaryoutube David Krichmartwitter Dave Your Mortgage Guy              

Use or reproduction of the material published on this site is expressly prohibited without the express written permission of the author


This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Mortgage / Finance
Texas Harris County Houston
Realtors Needing the services of the Lending Powers
The FHA Mortgage Group
FHA 203-k and FHA 203-k Streamline Loan Group
insurance 35

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

This is only the beginning of an assault on the benefits of home ownership.

Feb 08, 2017 02:42 PM #1
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?


David Krichmar
Ask me a question
Spam prevention