FHA Mortgagee Letter 2023-05: Reduction in Annual Single-Family Mortgage Insurance Premium
On February 22, HUD published Mortgagee Letter (ML) 2023-05 and announced the Federal Housing Administration (FHA) will reduce its annual single-family mortgage insurance premium by 0.30 percentage points, from 0.85 percent to 0.55 percent for most new borrowers, effective for mortgages endorsed on or after March 20, 2023.
