The FHA Mortgage Insurance premium will be reduced from 0.85 percent to 0.55 percent for most homebuyers seeking an FHA-insured mortgage, which could mean an estimated savings of $678 million for American families in aggregate by the end of 2023 alone.
For details, please read the Department of Housing and Urban Development (HUD), through the Federal Housing Administration (FHA) Press Release – February 22, 2033.
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CrossCountry Mortgage, LLC
2165 Woodlane Drive, Suite 101
Woodbury, MN 55125
Personal NMLS452455 Branch NMLS1985797
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Disclaimer: The above guest blog post was written by Jeff Vorlicky. He has no official ties to this website or blog.