Lax Credit for Home Buyers as FHA-backed Insurance Premiums Decrease

Printer-friendly version
January 16, 2015

The Federal Housing Administration is cutting the annual insurance premiums charged to borrowers, making these loans more attractive to creditworthy, lower-risk borrowers.
 
The New York times reports that premiums will decrease by 0.5 percentage point, effective Jan. 26. Changes are expected to put homeownership within reach of more people, and lower premiums on FHA loans will make them more competitive with conventional loans requiring private mortgage insurance.
 
Read more

 

Comments on: "Lax Credit for Home Buyers as FHA-backed Insurance Premiums Decrease"

July 2017

This Month in Professional Builder

Products
Features

Ashton Woods launched Starlight Homes to target entry-level home...

Overlay Init