Mortgage Insurance Premium on all FHA loans reduced!

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  • Applies to all FHA loans, purchase and refinance

  • No change to the upfront premium of 1.75% or the life of the loan requirement

  • Effective for closings on and after January 27th, 2017

Example:

The lower annual MIP (Mortgage Insurance Premium) based on a $200,00 loan amount on a 30yr loan would result in approximately $500 in savings per year!

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This is for informational purposes only and is not an advertisement to extend customer credit as defined by section 12 CFR1026.2 Regulation Z. Program rates, terms and conditions are subject to change at any time. By refinancing the loan, the total finance charges may be higher over the life of the loan.

Contact Traci for more information and rates on loans above $625,000.

757-560-5573 – traci.waller@ccm.com
Contact Traci Waller – Loan Officer

Information courtesy of Traci Waller of CrossCountry Mortgage LLC. This is for informational purposes only. Contact Traci Waller directly to learn more about mortgage products and your eligibility for such products. NMLS# 512138 Equal Housing Opportunity Information is subject to change without notice. This is not an offer for extension of credit or a commitment to loan.