• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
Sheila Smith Real Estate Group

Sheila Smith Real Estate Group

Homes in Boise, Meridian, Eagle, Nampa, Caldwell, and greater Idaho areas.

  • Treasure Valley
    • Boise
    • Meridian
    • Eagle
    • Nampa
    • Caldwell
  • Buy
    • Search Listings
    • Our Listings
    • My Account
    • Mortgage Calculator
    • Business Directory
  • Sell
    • Contact Us
    • Business Directory
  • Staging
    • Show Your Home’s Potential
    • Before and After
    • Behind the Scenes
    • Finished Stages
  • News
    • Open Houses
    • New Listings
    • Articles
    • Homeowner Tips
  • About
    • Reviews
    • Awards
    • Team
  • Contact
    • (208) 254-2090
    • Email Us
    • Facebook
    • Instagram
    • Linked In

FHA to lower cost of mortgage insurance

January 20, 2015

Source: money.cnn.com By Chris Isidore

In an effort to make owning a home more affordable, the Federal Housing Administration will dramatically cut the costs associated with the mortgages it backs.

Premiums for FHA mortgage insurance, which is designed to protect the agency in case a borrower defaults on a loan, will be cut from 1.35% of a loan’s value to about 0.85%, the White House said in a statement Thursday.

As a result, a typical first-time homebuyer will save $900 a year on their mortgage payments. Existing homeowners who refinance into an FHA loan will see similar savings.

“Too many creditworthy families who can afford — and want to purchase — a home are shut out of homeownership opportunities due to today’s tight lending market,” the White House said.

The White House estimates that the lower premiums will enable up to 250,000 new buyers to purchase a home.

To continue reading click here

Filed Under: Articles

Primary Sidebar

  • Email
  • Facebook
  • Instagram
  • LinkedIn
  • Phone
  • 1420 W Washington St
    Boise, ID 83702
  • (208) 254-2090
  • Email Us

Find A Home

1802 S Eagleson Rd $724,900

1802 S Eagleson Rd Boise, Idaho

3 Beds 3 Baths 2,146 SqFt 0.160 Acres

3932 S Duston Pl $549,900

3932 S Duston Pl Boise, Idaho

4 Beds 3 Baths 2,508 SqFt 0.140 Acres

2706 S Malibu Rd $487,900

2706 S Malibu Rd Boise, Idaho

4 Beds 3 Baths 2,730 SqFt 0.210 Acres

10465 W Arnold Rd $449,900

10465 W Arnold Rd Boise, Idaho

4 Beds 2 Baths 1,520 SqFt 0.181 Acres

1814 S Rand St $449,800

1814 S Rand St Boise, Idaho

3 Beds 2 Baths 1,912 SqFt 0.150 Acres

7203 N Parkcrest Ave $439,900

7203 N Parkcrest Ave Boise, Idaho

3 Beds 2 Baths 1,310 SqFt 0.190 Acres

5889 S Tulip Pl $399,000

5889 S Tulip Pl Boise, Idaho

3 Beds 2 Baths 1,213 SqFt 0.160 Acres

1816 W Roberts Ave $375,000

1816 W Roberts Ave Nampa, Idaho

3 Beds 2 Baths 1,635 SqFt 0.180 Acres

5650 N Willowlawn Way $355,000

5650 N Willowlawn Way Garden City, Idaho

2 Beds 2 Baths 1,142 SqFt 0.140 Acres

427 7th Ave N $299,000

427 7th Ave N Nampa, Idaho

3 Beds 2 Baths 1,482 SqFt 0.140 Acres

Recent Posts

  • July Market Report
  • June Market Report
  • March Market Report
  • February Market Stats
  • November Market Report
  • October Market Stats
  • A Look at the Fall Housing Market
  • ‘Signs of normalizing’: Data shows lower home prices in Boise in June…
  • Reduce Your Heating & Cooling!
  • ‘Signs of Normalizing’: Data shows lower home prices in Boise in June

Footer

  • Boise
  • Meridian
  • Eagle
  • Nampa
  • Caldwell

Sheila Smith Real Estate Group
1420 W Washington St.
Boise, ID 83702

(208) 254-2090

Copyright © 2023
Website by Dog & Casper

Privacy Policy • Terms of Service • Contact