The FHA loan program just got better!
Thinking about Buying a Home in Manteca CA, or curious about reducing your mortgage in Manteca CA?
Manteca CA Homeowner, if you bought or refinanced your home with an FHA loan you may be able to reduce your monthly payments!
Future Manteca CA Homeowners, the FHA loan program has just made buying a home more affordable!
The Federal Housing Administration (FHA) has reduced mortgage insurance by half a percent on all new 30 Year Fixed loans.
For those who are thinking about buying a new home this reduction may mean that now is the time for you to start looking for a home. According to the U.S. Department of Housing and Urban Development (HUD) Secretary Julián Castro, “This action will make homeownership more affordable for over two million Americans in the next three years.”
For those of you who currently own a home you purchased with an FHA loan, it IS time to talk to your lender. You may be able to take advantage of this reduction by refinancing into a lower monthly payment. HUD predicts this half of a percent will SAVE more than 2 million FHA homeowners $900 annually, this could be YOU.
U.S. Department of Housing and Urban Development Secretary Julián Castro said “Since 2009, the Obama Administration has taken bold steps to reduce risks in the mortgage market and to protect consumers. These efforts have made it possible to take this prudent measure while also ensuring FHA remains on a positive financial trajectory. By bringing our premiums down, we’re helping folks lift themselves up so they can open new doors of opportunity and strengthen their financial futures.”
If you want to see if you can take advantage of this reduction, get in contact with me. You can call, email or text me:
Cell: (209) 914-4015
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