In his last days in the White House, President Obama signed legislation that had been floating around for over a year. He lowered the Mortgage Insurance Premium (MIP) for FHA loans from 0.85% to 0.60%.
Trump MIP Cut Reversal
![Trump MIP Cut Reversal](https://emadzikry.com/wp-content/uploads/2023/09/download-4.jpg)
In his last days in the White House, President Obama signed legislation that had been floating around for over a year. He lowered the Mortgage Insurance Premium (MIP) for FHA loans from 0.85% to 0.60%.