Is the FHA about to cut mortgage insurance premiums again?

MIP is short for mortgage insurance premiums. The Federal Housing Administration requires all FHA mortgages to have MIP regardless of how much money is used as a down payment. FHA MIP is an insurance policy for your mortgage loan incase you ever default on the loan. You may also hear the term PMI, short for private mortgage insurance.

FHA cuts mortgage insurance premiums again. When the fha announced late last year that its flagship fund, the Mutual Mortgage Insurance Fund, grew for the fourth straight year, it led to many question whether we would see a cut to its mortgage insurance premiums again. Now we have an answer. Click the headline for the full details on the FHA reducing mortgage insurance premiums.

In an effort to make owning a home more affordable, the Federal Housing Administration will dramatically cut the costs associated with the mortgages it backs. Premiums for FHA mortgage insurance,

FHA cuts mortgage insurance premiums again FHA cuts mortgage insurance premiums again : When the FHA announced late last year that its flagship fund, the Mutual Mortgage Insurance Fund, grew for the fourth straight year, it led to many question whether we would see a cut to its mortgage insurance premiums again.

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A further reduction in FHA’s annual mortgage insurance premium would follow the cut implemented in January 2015, which failed to live up to its billing despite FHA’s assurances at the time that.

FHA has again reduced mortgage insurance premiums, lowering costs for 1 million households.. "Every time we cut the cost of mortgage insurance, it means more borrowers meet the debt-to-income.

FHA Mortgage Insurance Premium Cuts Begin Today. On Thursday, January 8, 2014, the FHA and HUD issued a press release announcing a cut to the FHA’s required annual mortgage insurance premiums, also known as MIP.

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And Monday, those who speculated the FHA would cut its premiums again were proven right. According to the FHA, it will cut the annual mortgage insurance premiums most borrowers will pay by one-quarter of a percentage point, or 25 basis points.

The FHA announced it will cut mortgage insurance premiums on its loans. It estimates that 250,000 first-time buyers will enter the market after the cuts.

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