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How Much Can You Save with Lower FHA Annual Mortgage Insurance Premiums?

January 11, 2015

In an effort to make homeownership more accessible and sustainable, President Obama announced the Federal Housing Administration (FHA) will reduce annual mortgage insurance premiums (MIP) by 0.5 percentage points. On a $175,000 home loan with less than 5 percent down, this MIP reduction will equate to a savings of $818 .... Read More

 

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