for 1st Time Home Owners
FHA has just announced new lower mortgage insurance premiums. This is the best news for many 1st time home owners and investors that frequently seek low down payment loans.
The change may seem small to some but the simple change from 1.07% to .85% really saves a home buyer good money.
As so elegantly stated in the attached handout, a buyer can save almost $30,000 on a $200,000 mortgage over the life of the loan. That's not chicken feed(unless your feeding one huge flock of chicken!).
Home buyers take a look at this handout. Then call your Realtor!!!