02/28/2023
BREAKING NEWS!!!! 📰 The Federal Housing Administration 🏡 (FHA) have just announced a reduction in annual mortgage premiums 💲 (MIP). The 30 basis point reduction will reduce ⬇️ housing cost making homeownership that more affordable!
Most importantly it may help reduce monthly payments, which may make qualifying for your desired home price a little easier! 🏡
The White House stated that the reduced MIP will cut housing 🏘 cost by an average of $800* for roughly 850,000 homebuyers and homeowners in 2023. ❤️
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*Source:
HUD No. 23-041 HUD Public Affairs (202) 708-0685 FOR RELEASE Wednesday February 22, 2023 BIDEN-HARRIS ADMINISTRATION TO SAVE FHA HOMEBUYERS AVERAGE $800 ANNUALLY ON MORTGAGE PAYMENTS THROUGH PREMIUM REDUCTION 30 basis point reduction in FHA annual mortgage insurance premium supports Biden-Harris Adm...