BREAKING: The Federal Housing Administration (FHA) announced today that Mortgage Insurance Premiums (MIP) have been cut by .25%. Effective January 27th, the lower premiums can save FHA homeowners up to $500 on average this year.

This means there are now more eligible homebuyers for FHA loan options who may not have qualified prior to the premium cut.

The decrease in premiums is inspired by the FHA’s goal of supporting American families in achieving their home buying goals.

Homeownership just got more affordable. Give me a call or visit today to learn what programs are available for you.