There are two primary types of mortgage loans available in today’s mortgage marketplace, VA, USDA, and FHA all fall into the government-backed category. Conventional loans are a little different due to the fact that the bank assumes the risk on a loan with no government backing. Government-backed loans will compensate …Read More
FHA Mortgage Insurance 2026
FHA Mortgage Insurance Costs for 2026
The FHA mortgage insurance premium (MIP) fee is the monthly fee that homeowners with FHA-insured loans pay on top of their monthly principal and interest payments. The recent mortgage insurance reduction will save homebuyers with new FHA-insured mortgages an average of $800 per year. In addition, this change will reduce …Read More