FHA is dropping the monthly PMI factor to a .55 from .85

FHA dropped their monthly PMI payment from .85 down to .55

this 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 dropped

As the market changes and FHA comes back into the market, another reason to use an FHA loan for the purchase of your home

And if you own a home that is in a flood zone and have no mortgage thru citizens

you must purchase flood insurance in July

tune in and learn more at https://www.ddamortgage.com/blog

Didier Malagies nmls#212566

DDA Mortgage nmls#324329

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