Get the latest insights from a top producing loan officer on the front lines of the housing market

Get the latest insights from a top producing loan officer on the front lines of the housing market

The mortgage industry is very dynamic - loan programs, guidelines, interest rates and market appetite are constantly changing. Stay up to date on the latest news surrounding the real estate market and mortgage industry by reading my articles below.

The mortgage industry is very dynamic - loan programs, guidelines, interest rates and market appetite are constantly changing. Stay up to date on the latest news surrounding the real estate market and mortgage industry by reading my articles below.

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Newly Lowered Mortgage Insurance for FHA Loans

March 02, 20231 min read

I'm absolutely excited to inform you that the Federal Housing Administration (FHA) has lowered its mortgage insurance premium to 0.55%. This is a significant reduction from the previous rate of 0.85%, and it means big savings for those looking to qualify for a mortgage.


Mortgage insurance is required at any time when using an FHA loan. It protects the lender in case you default on your loan. With this recent change by FHA, borrowers will see their monthly payments decrease, making homeownership more affordable and accessible.


What's even more exciting is that this reduction in mortgage insurance premium can help borrowers qualify for larger loan amounts. By lowering monthly payments, they'll have more disposable income available to put towards their mortgage payments, which could potentially increase the amount of money they can borrow.


This reduction in mortgage insurance premium is especially beneficial for first-time homebuyers or those with lower credit scores who may have had difficulty qualifying for a mortgage before. The lower premium will help make their monthly payments more manageable and allow them to purchase a home sooner.


My team and I are committed to helping our clients achieve their dream of homeownership. We encourage anyone who wants to take advantage of this opportunity to explore their options with us today.

If you are considering buying or refinancing a home, now is the time to act. Contact us now to learn more about how we can help you secure an FHA-insured loan with a reduced mortgage insurance premium and potentially qualify for more.


fhamortgage insuranceMIPfirst time homebuyerreduced mortgage insuranceFHA loan
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blog image

Newly Lowered Mortgage Insurance for FHA Loans

March 02, 20231 min read

I'm absolutely excited to inform you that the Federal Housing Administration (FHA) has lowered its mortgage insurance premium to 0.55%. This is a significant reduction from the previous rate of 0.85%, and it means big savings for those looking to qualify for a mortgage.


Mortgage insurance is required at any time when using an FHA loan. It protects the lender in case you default on your loan. With this recent change by FHA, borrowers will see their monthly payments decrease, making homeownership more affordable and accessible.


What's even more exciting is that this reduction in mortgage insurance premium can help borrowers qualify for larger loan amounts. By lowering monthly payments, they'll have more disposable income available to put towards their mortgage payments, which could potentially increase the amount of money they can borrow.


This reduction in mortgage insurance premium is especially beneficial for first-time homebuyers or those with lower credit scores who may have had difficulty qualifying for a mortgage before. The lower premium will help make their monthly payments more manageable and allow them to purchase a home sooner.


My team and I are committed to helping our clients achieve their dream of homeownership. We encourage anyone who wants to take advantage of this opportunity to explore their options with us today.

If you are considering buying or refinancing a home, now is the time to act. Contact us now to learn more about how we can help you secure an FHA-insured loan with a reduced mortgage insurance premium and potentially qualify for more.


fhamortgage insuranceMIPfirst time homebuyerreduced mortgage insuranceFHA loan
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VirtuaLending | NMLS #2015906

Isaac Sanchez | NMLS #1992428

9267 Haven Ave, 220,

Rancho Cucamonga, CA 91730

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(NMLS Lic. #2015906) Is an equal housing lender. This is not a commitment to lend or extend credit. Programs, rates, terms and conditions are subject to change without notice. Terms and conditions apply. All rights reserved. Contact us for details. Consult your accountant about tax deductions. NMLS Consumer Access

VirtuaLending Isaac Sanchez Top Loan Officer

VirtuaLending | NMLS #2015906

Isaac Sanchez | NMLS #1992428

9267 Haven Ave, 220,

Rancho Cucamonga, CA 91730

Isaac Sanchez Top Producing Mortgage Lender VirtuaLending

(NMLS Lic. #2015906) Is an equal housing lender. This is not a commitment to lend or extend credit. Programs, rates, terms and conditions are subject to change without notice. Terms and conditions apply. All rights reserved. Contact us for details. Consult your accountant about tax deductions. NMLS Consumer Access

VirtuaLending | NMLS #2015906

Isaac Sanchez | NMLS #1992428

9267 Haven Ave, 220,

Rancho Cucamonga, CA 91730

Isaac Sanchez Top Producing Mortgage Lender VirtuaLending

(NMLS Lic. #2015906) Is an equal housing lender. This is not a commitment to lend or extend credit. Programs, rates, terms and conditions are subject to change without notice. Terms and conditions apply. All rights reserved. Contact us for details. Consult your accountant about tax deductions. NMLS Consumer Access