Annual Mortgage Insurance Premium on FHA Loans Reduced 30 Basis Points
In an effort to make homeownership more affordable, the U.S. Department of Housing and Urban Development (HUD) is reducing fees on FHA loans. Specifically, HUD in conjunction with the Biden-Harris Administration will slash the annual mortgage insurance premium (MIP) by 30 basis points. The move is expected to save the average homeowner about $800, or… Read More »Annual Mortgage Insurance Premium on FHA Loans Reduced 30 Basis Points
The post Annual Mortgage Insurance Premium on FHA Loans Reduced 30 Basis Points appeared first on The Truth About Mortgage.