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FHA to lower the annual mortgage insurance premium on FHA loans by 30-basis points

By
Real Estate Agent with RE/MAX Gold DRE# 01494298

Dear Friends, Clients and Future Clients, 

Great news for the first time home buyers making a purchase with the FHA loan. California had the 3rd highest amount of FHA loans made last year in the nation so there are many buyers using this product here. ( One in 10 home buyers used the FHA loan last year) The FHA Loan plays a pivotal role in providing housing opportunities for families throughout California. When your ready to make that Vallejo CA home purchase please contact Tim Garton Re/Max Gold Vallejo 707-315-5555.   

Comments (4)

Trish Cole
Veterans United Home Loans of Puget Sound NMLS#1907 - Puyallup, WA

This is exciting news for all.  VA is reducing the funding fee and Fannie Mae has reduced Loan Level Pricing adjustments.  Definitely a trend to try and get those monthly payments down a little.

Feb 24, 2023 10:30 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

This is truly great news for FHA buyers all around.  Thanks for sharing.

Feb 24, 2023 02:11 PM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

TIM GARTON the FHA MIP is headed in the right direction, while the Fannie Mae and Freddie Mac LLPA's are headed in the wrong direction.

Feb 24, 2023 03:42 PM
Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em: golfArizona@cox.net

 Welcome to the Rain. Enjoyed your blog page, and I added you as a friend. I would love the follow back. We look for more from you later on. Thanks Bill

 

Feb 25, 2023 06:38 AM