Big announcement this week by the FHA (Federal Housing Administration): the Mortgage Insurance Premium (MIP) is being reduced from 85 basis points to 55 basis points (.85% to .55%), which can potentially result in upwards of $100,000 in lifetime loan savings! And, if you’re looking to buy a home in California, there are many down payment assistance programs, grants, and other forms of assistance. (Naturally, not everyone will qualify for any/all programs, but it never hurts to find out what’s available.)
Looking to buy this year? Reach out to us: we work with buyers and sellers in Orange County, Los Angeles County, San Diego County, Riverside County, and San Bernadino County plus have a network of trusted real estate professionals in other counties and states.
Questions? We’re easy to reach! Connect via Zoom, send us a message through our contact form, email us, call us at 949-285-1207, shoot us a text. And don’t forget to download our FREE Mobile Android & iOS App.