FHA Lower Mortgage Insurance Cliff Notes

By
Real Estate Agent with Cell: 703-677-1120

Lowering mortgage insurnance (MI) on FHA loans is a big step forward toward making FHA loans practical in today's market.

Fannie Mae has over $40Billion in cash reserves to back the FHA guaranteed loans.

Lower FHA MI on FHA loans could save the typical American home buyer just under $1,000 per year in MI premiums.  That's a big deal.

The high FHA 3.5% down loans with the higher MI has made FHA loans irrelavent in the face of conventional 3% down loans with no MI.

Now if FHA would lower the down payment back to 3% from 3.5%, FHA loans would give the market a viable loan program that could open the door to home ownership for hundreds of thousands of home buyers.

Text or call Erick Blackwelder now at 703-677-1120 to find out how you can get qualified for an FHA home loan with a low down payment.

You may also email Erick at his website.

Posted by

Erick BlackwelderCall or text Erick Blackwelder right now for help finding a home, or help selling your house.  

Don't worry... Erick doesn't bite, and you won't get a sales pitch.  Text or call Erick now at 703-677-1120 for a FREE consultation.

CLICK HERE NOW to search the Multiple Listing Service (MLS) for homes for sale in and around Woodbridge, Lorton, and Mount Vernon.

Exit Realty Associates
8998C Lorton Station Blvd
Lorton, VA  22079
Equal Housing Opportunity

 

 

 

 

 

 

 

"Hey Erick, tell me more about...."

Click the link above to email a question to me or call me now at 703-677-1120.  

 

 

Equal Housing opportunity.

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Home Buying
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Virginia Prince William County Woodbridge
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woodbridge virginia real estate news
how to sell a home in woodbridge virginia
how to buy a home in northern virginia
how to buy a home with an fha mortgage

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Erick Blackwelder

Text or call Erick now at 703-677-1120.
Text or call Erick now at 703-677-1120.
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