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FHA Mortgage Insurance premium has been lowered from 1.35% to .85%

Mortgage and Lending NMLS#297251 BRE#01140252

February 04, 2015 07:22 AM

FHA Mortgage Insurance premium has been lowered from 1.35% to 0.85% as of today 1-26-15

FHA Mortgage Insurance update 760-486-4225

Streamline refinance your FHA mortgage to lower your mortgage insurance today.

HUD just recently reduced the monthly mortgage insurance premium from 1.35% of the loan amount to 0.85% of the loan which could be a substantial monthly savings for you if you were to Streamline your FHA mortgage right now.

The FHA Streamline program does not require an appraisal and in many cases no income or credit qualifying. The new loan amount is not any higher than your current loan amount so this is a very simple process to accomplish this savings. Rates are very good right now too. Please let me know if you have any questions. CONTACT ME

If you would like a "cash out" refinance

It will all be determined by your credit profile, debt to income ratios, fico scores, LTV, loan program choice and rate and terms.

You may even have enough equity to refinance to a conventional loan with NO Mortgage insurance at all.

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only

REO & Short Sale Specialist

Credit Repair At No Cost

ALL Loan Programs Available

22+ Years Experience

BRE# 01140252

NMLS# 297251

760-486-4225

9am till 5pm by phone Monday thru Saturday, Sundays by appt., EMAIL ANYTIME 24/7