Welcome to your Local Mortgage Report. My name is Lauren Hatmaker.
Have you been preapproved to buy with an FHA loan but are still out shopping for the perfect house?
FHA made a huge announcement this week, and it’s already taking effect at our wholesale lenders.
FHA has reduced their monthly finance charge by 35%, which equals about $100 less per month in our area.
This week I reached out to my future home buyers to let them know how much more houses they can buy – roughly about 15% or how much lower their monthly payment will be with this new change.
If you want to save money on your payment and your fees – call us today! We make it easy!
Join us again every Wednesday, during the 6:30 news, for your Local Mortgage Report.