Monday, January 9, 2017
Great News
HUD just announced that they are lowering the annual FHA mortgage insurance premium rates, which will lower monthly mortgage payments for FHA loans! For purchases with a down payment of less than 5%, the monthly premium is being lowered from 0.85% to 0.6%. For purchases with a down payment of 5% or greater, the monthly premium is being lowered from 0.8% to 0.55%.
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Washington Dulles Real Estate Group
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