Pretty big news for buyers and sellers...
HUD just announced they are going to lower the FHA monthly MI .25% starting January 27, 2017. That means that the monthly MI, goes from .85% of the loan amount to .60% of the loan amount. In other words, on a $100k loan the monthly MI is .85% or $850.00 / 12 ($70.73 per month) & now that same MI would be .60% or $600.00 / 12 ($50.00 per month).
What this means is simply the buying power just went up for a FHA borrower!
IF YOU ARE READY TO BUY OR SELL CALL ME IMMEDIATELY FOR A FREE CONSULTATION. 702-328-4583
SEARCH FOR LAS VEGAS HOMES
www.RobartRealtyGroup.com
www.RobartRealtyGroup.com
News release: https://portal.hud.gov/hudportal/HUD…
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