Taste Tuolumne

Musings on Food, Fun & Real Estate in the Mother Lode

FHA Lowers Insurance Premiums – Buyers Win

fha-mortgage4[1] According to this recent article in the Washington Post, “The Obama administration estimates that by lowering FHA’s annual mortgage insurance premiums by half a percentage point, as many as 250,000 new buyers will be able to purchase a house.” For Buyer’s who already qualified to purchase a home the lower payments will give them more purchasing power. I have one client whose monthly payment will be reduced by almost $60. That is fantastic news for Tuolumne County where in 2014, according to the TCAR MLS, 112 out 896 residential home sales involved FHA loans. Interested in learning more about FHA loans? Shoot me an email or give me a call. I’m happy to help. robin@tuolumnehomes.com or 209-536-3000.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: