FHA is dropping there monthly PMI factor down from .85 to .55

FHA dropped their monthly PMI payment from .85 down to .55this is huge in terms of reducing the monthly mortgage payment.There still is the upfront funding fee of 1.75% but the monthly pmi has droppedAs the market changes and FHA comes back into the market, another reason to use an FHA loan for the purchase of your homeAnd if you own a home that is in a flood zone and have no mortgage thru citizensyou must purchase flood insurance in Julytune in and learn more at https://www.ddamortgage.com/blogDidier Malagies nmls#212566DDA Mortgage nmls#324329#mortgage Support the show