Posts Tagged ‘FHA’

FHA Lowers Mortgage Insurance Premiums Bringing Financial Relief to Many Homebuyers

February 23, 2023

FHA Lowers Mortgage Insurance Premiums Bringing Financial Relief to Many Homebuyers

The Department of Housing and Urban Development (HUD) announced a 30-basis point reduction to annual mortgage insurance premiums charged to home buyers who get an FHA-insured mortgage. The average FHA borrower purchasing a single-family home with a $265,000 mortgage will save approximately $800 in 2023 as a result of the reduction. For a borrower with […]

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