Hello,
If you're looking for a home with an FHA Loan or thinking about it, you'll love the recent news about how FHA reduced their premiums on MIP. But you'll need to be educated on the impacts, and they can benefit you.
I've listed three examples in the videos below to help you better understand the benefits. I've also attached HUD's official announcement with the details below ( PDF ).
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➡️ Old MIP vs. New MIP
https://mcedge.tv/3zuwds
* This video shows the differences in the MIP premiums.
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➡️ New FHA vs. Conventional Loan Comparison
https://mcedge.tv/gilhdj
*This video highlights how FHA Loans could benefit a larger pool of buyers.
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➡️ How The Changes Increased Buying Power
https://mcedge.tv/99k8bo
*This video shows the increased buying power from the decreased MIP premiums.