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How Can I Recieve a discount on a FHA Initial Mortgage Insurance Premium?

April 26, 2017discount FHA initial mortgage insurance Premium

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How Can I Recieve a discount on a FHA Initial Mortgage Insurance Premium?

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Ask your real estate agent or lender for information on the HELP program from the FHA. HELP – Home buyer Education Learning Program – is structured to help people like you begin the home buying process. It covers such topics as budgeting, finding a home, getting a loan, and home maintenance. In most cases, completion of this program may entitle you to a reduction in the initial FHA mortgage insurance premium from 2.25% to 1.75% of the purchase price of your new home.