We all know that earlier this year FHA raised upfront mortgage insurance to 1.75% of the loan amount and the annual insurance premiums to 1.25% for some transactions.

Live in an expensive area? Add another .25% for for jumbo loans.

Encourage Congress to support H.R. 5884 for lower up-front premiums for FHA first time buyers.

First time buyer would need to complete an education course for the lower insurance rates.

We need to do everything possible to help first time buyers and the first time buyers will add support to the real estate market as prices stabilize.