Tag Archives: mortgage insurance

Lower FHA Mortgage Insurance Premiums

Homebuyers can expect greater savings when pursuing loans backed by the Federal Housing Administration (FHA): The Biden-Harris Administration has taken action to lower the monthly mortgage insurance premiums (MIPs) for these loans by 30 basis points across the board. Lower FHA mortgage insurance premiums mean savings for new homebuyers. If you’re thinking about buying a home, here’s how this program can save you money.