FHA is dropping there monthly PMI factor down from .85 to .55

<p>FHA dropped their monthly PMI payment from .85 down to .55<br/>this is huge in terms of reducing the monthly mortgage payment.<br/><br/>There still is the upfront funding fee of 1.75% but the monthly pmi has dropped<br/><br/>As the market changes and FHA comes back into the market, another reason to use an FHA loan for the purchase of your home<br/><br/>And if you own a home that is in a flood zone and have no mortgage thru citizens<br/>you must purchase flood insurance in July<br/><br/>tune in and learn more at <a href='https://www.ddamortgage.com/blog'>https://www.ddamortgage.com/blog</a><br/><br/>Didier Malagies nmls#212566<br/>DDA Mortgage nmls#324329<br/><br/>#mortgage</p> <a rel="payment" href="http://www.ddamortgage.com/blog">Support the show</a>