FHA just announced they lowered their monthly MIP effective on closing/disbursement dates on or after January 27, 2017.
The FHA MIP dropped 25bps in most cases and even more in some other situations.
This is good news! Not only will you save money, but more people will be able to qualify for FHA loans now.
If you or someone you know is wanting to purchase a home I would love to help you out! …just give me a call or shoot me an email!
Have a good day today!
…and thanks for reading.