The White House announced today 1-7-15 and it has been confirmed by HUD that
FHA will be lowering the annual Mortgage Insurance Premiums (MIP) by .50%, from 1.35 to .85 on a max Loan to Value (LTV) and from 1.30 to .80 on LTV’s of 95% and less.
No dates or details have been sent out, but wanted everyone
to be aware of this big change coming soon!!
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