The following article How To Receive A Discount On FHA Mortgage Insurance Premium? was originally seen on Moreira Team Mortgage Blog
Ask your real estate agent or lender for information on the HELP program from the FHA.
As we show you in this video, HELP – Homebuyer Education Learning Program – is structured to help first time buyers begin the homebuying 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.