In a move expected to bring 250,000 first-time homebuyers into the market, FHA will reduce annual Gulf Shores mortgage insurance premiums by half a percentage point, to 0.85 percent. The move is expected to make homeownership more affordable for more than 2 million homeowners in the next three years. After raising Gulf Shores mortgage insurance […]
FHA Insurance Premium Increase Update
According to data provided by the FHA, whether or not the increases in Federal Housing Administration premiums will bring its insurance fund back to good health is dependent on the borrower paying the higher fees for at least seven years of the mortgage. In August, the Senate approved a bill that would allow the FHA […]