FHA Loan Costs Dropping in 2015

    FHA PMI in 2015

    Good news for home buyers in New Orleans. The premiums for FHA private mortgage insurance (required on all FHA loans) is dropping from 1.35% of a home’s value down to 0.85%.

    This will result in about a $900 per year savings on mortgage payments for FHA borrowers and people who refinance into an FHA insured loan.

    Need an FHA lender? Call us at 504-327-5303 and we’ll refer you to a local mortgage provider that knows the ins and out of FHA financing.

     

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    About our blog

    Our agents write often to give you the latest insights on owning a home or property in the Greater New Orleans area.