Mar
15

FHA Increases Mortgage Insurance Again

By

FHA Announces Increase to Monthly Mortgage Insurance Premiums
How Will This Impact Your Clients?

I just wanted to let you know about an important announcement from FHA that will have an impact on your clients. As of this coming April 18th, the monthly Mortgage Insurance Premiums will increase slightly for FHA loans.

This increase is not expected to have a large impact on borrowers and will only increase a homebuyer’s payment slightly.

However, this change will help strengthen FHA, which is important since some estimates show that FHA loans represent nearly 50% of all loans being done today.

Even though FHA has slightly increased their rates, the FHA loan is still a good value for clients with little to put down. Rest assured that the FHA loan is still a very viable option worth considering.

If you have any questions at all about what this might mean for any of your clients, call or email me anytime. I’m committed to doing whatever I can to help your clients own the home of their dreams.

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Categories : FHA Lending

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