Posted by on Jan 9, 2015 | 0 comments

Federal Government has reduced the FHA annual Mortgage Insurance Premium (MIP) rates announcing this morning, January 9th, that effective Jan 26, 2015, FHA loans will receive .85% MI versus the 1.35% that it is currently!

This is GREAT news for first time home buyers AND anyone looking to buy with a low down payment!

It’s truly another good reason that now is a great time to buy…..and/or sell!

Click here to download a pdf with full details.