Whhaatt!! The Federal Housing Administration (FHA) announced today, Monday, January 09, 2017, it will reduce the annual insurance premiums most borrowers will pay by 0.25%, saving the average homeowner $500 this year, said 
Julian Castro of the U.S. Housing and Urban Development. This is great news for 1st time home buyers, especially those recent graduates that have been in the workforce for a short amount of time. In general, these federally backed loans have a smaller down payment requirement which makes getting into your first home easier. If you have questions about the Fed change or are getting ready to buy your 1st home, reach out to us and lets game plan.