FHA Mortgage Insurance Decrease Suspended

**UPDATE** Effective January 20, 2017, the Department of Housing and Urban Development (HUD) announced that the recent reduction of Mortgage Insurance Premiums(MIP) has been suspended.**

FHA has lowered the Mortgage Insurance Premium (MIP)! These new premium rates are projected to save new FHA-insured homeowners an average of $500 this year! If you or your clients are looking to purchase a home, or have an existing FHA loan and want a mortgage checkup - contact us today to see if these changes can benefit you!

* Specific loan program availability and requirements may vary. Please get in touch with your mortgage advisor for more information.