FHA Lowers Mortgage Insurance Premiums!
The Federal Housing Administration (FHA) cut 0.50% from the annual premium for FHA backed loans with terms greater than 15 years. For most FHA loans this will reduce the annual premium from 1.35% of the loan balance to 0.85% for loans made on or after January 26, 2015.
For a typical borrower, this could mean a savings of about $80 on their monthly payment.*
Please email us today and see if you can benefit from this exciting change!
*This is according to CoreLogic's chief economist, Sam Khater.
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 | Colleen Mitchell
Mortgage Loan Originator
NMLS #490278
500 Winderley Place, Suite 112
Maitland, FL 32751
Cell: (407) 620-3563
Fax: (866) 271-4795 |
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*This summary is based on a $125,000 loan amount, loan term of 360 months, interest rate of 4.25%, annual percentage rate of 4.453%, and monthly payment of $615.
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