Musings on Food, Fun & Real Estate in the Mother Lode
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. firstname.lastname@example.org or 209-536-3000.