FHA Just Reduced PMI Rates
Posted by Mellanda Reese on Monday, February 27, 2023 at 11:18:27 AM
By Mellanda Reese / February 27, 2023
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Here's some trending news that you absolutely must know!
The FHA just reduced their MIP, which is your Mortgage Insurance Premium, from 0.85% to 0.55%.
This is absolutely HUGE.
As an example, on a $300,000 home, it's going to save you $800.00 a year.
If you have a higher priced property, it's going to save you even more.
This is going to help homebuyers get into a lower payment or a better property.
If you’re looking to sell in the Metro Atlanta area, or even outside of the Metro Atlanta area, then reach out to us, we’d love to help you!
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