FHA Mortgage Insurance is going down by .5% soon!

By
Mortgage and Lending with www.DaveYourMortgageGuy.com - Legend Lending NMLS #293883
https://activerain.com/droplet/4tNW

 

HUD(the govt) just announced that they are lowering the FHA annual mortgage insurance to .85%.  This is lowering the monthly MI from 1.35% to .85%, that is a savings of .5%.  On a $200k loan amount this is a monthly savings of $86!  This was just announced so I will update you with all the specifics and the date this goes into affect once it is formally announced. This is fantastic news!

 

UPDATE- The lower mortgage insurance goes into affect for all FHA case numbers ordered on or after 1/26/15

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David Krichmar 

Mortgage Banker NMLS#293883 

Legend Home Lending

LLC NMLS #229421

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

Appeared On Fox Business

 

Named 5 Star Mortgage Professional 2013, 2014, 2015, 2016, 2017

Named Top Mortgage Professional 2010,2011

Office:832-689-6012

Dave@DaveYourMortgageGuy.com

www.DaveYourMortgageGuy.com

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!  

 

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Topic:
Mortgage / Finance
Location:
Texas Harris County Houston
Groups:
Mortgages
Realtors Needing the services of the Lending Powers
The FHA Mortgage Group
Lenders & Realtors with a CONSCIENCE
FHA 203-k and FHA 203-k Streamline Loan Group
Tags:
insurance
fha
down
mortgage
going

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