FHA Reducing Monthly Mortgage Insurance

Provided by: 
Rich Vandenberg | Loan Officer | NMLS:  244921
Primary Residential Mortgage, Inc.
7177 Brockton Avenue, Suite 215 | Riverside | CA | 92506
Office 1.951.742.7770 | Fax 1.951.742.7780 | Cell 1.951.218.3462
www.primaryresidentialmortgage.com | rvandenberg@primeres.com
www.financingriversidehomes.com

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Great News! You might have heard FHA reducing the monthly MI from 1.35% to .85%. On a $300,000 loan that is a savings of $125 a month. For qualifying purposes this will allow a borrower to qualify for an additional $20,000 in purchase price. YES!