FHA Announces Reduction on Mortgage Insurance Premiums



Yesterday, HUD announced a 30 BPS reduction to the annual mortgage insurance premiums (MIP) on FHA loans. This means that you’re saving $25 per month on MIP for every $100K borrowed, averaging $800 annual savings! Buying a home with FHA just got cheaper and in today’s video, I am going to outline these changes and how homebuyers can use it to their benefit!

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Timestamps:
Intro (0:00)
What Is Happening With FHA Loans? (0:48)
Helping Low-Income/First-time Homebuyers (1:36)
How Will The Reduction Affect Your Loan? (3:39)
VA Loan Scenario (5:35)
If You Have. Current Loan, Will You Get The Discount? (6:20)
Questions? Get in Touch! (7:39)

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Matt The Mortgage Guy

📣 Connect with MTMG team NATIONWIDE! Start here: 👨‍💼 https://co.umortgage.com/3Uya1os
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Kevin Hughes

You really are one of those people that would sell your mother to make a sale, should be ashamed of the lies you spew….

Kevin Hughes

Your smoking crack its the worst time in history to buy a home, absurd nonsense!!!!

Who is the obligor?

Morgan Pyle

Despite the financial instability all over the world, I’m so excited I’ve been earning $45,000 from my $10,000 investment every 10days…

💰 Make $750 Per Day

"Nothing in the world is more common than unsuccessful people with talent." —Anonymous

Alex Jeter

Will this help if I streamline refinance with FHA when rates come down a bit?

💰 Make $750 Per Day

"Thinking should become your capital asset, no matter whatever ups and downs you come across in your life." –A.P.J. Abdul Kalam

Randy Cruz

Of course you would pretend this is a win for the people, you guys need the Buisness. How dare you act like you care about people. This is embarrassing. They need to get rid of MIP in general.

Crystal

Does this include those who already have a FHA loan? That would be amazing!

Lakshmi Kanth

Is it better to take FHA loan instead of Conventional loan with Excellent Credit score? Is there income eligibility for FHA loan or anyone can take it?

Pug owner

What's the matter? Not enough business in your area? This is nothing but an ad. And a bad one at that. $25 on each $100,000 is negligible. It's not the opportunity of a lifetime you're trying to make it into.

R H

What about conventional, those are the people with good credit..they deserve a bone