On January 9, 2015, the FHA officially announced the reduction of annual FHA Mortgage Insurance Premiums.
The reduction means a buyer’s mortgage payments on a home purchase will be lower than before.
It is easy to use an FHA loan for your Buyer’s home purchase:
-3.5% minimum down payment
-Down payment assistance programs available
-100% gift funds are allowable
-Co-signers can be used
-Minimum 620 FICO credit score