Advisors Mortgage Group, based in Ocean Township, New Jersey, today commented on the recent announcement from the Department of Housing and Urban Development (“HUD”), through the Federal Housing Administration (“FHA”), that it is reducing annual mortgage insurance premiums by 30 basis points on FHA-insured mortgages starting March 20, 2023. The reduction will benefit approximately 850,000 borrowers over the next year and save these families an average of $800 annually. “These steps by HUD and the FHA are going to help many more people achieve the dream of owning a home,” said Erika Whalen, Advisors’ underwriting manager. “We at Advisors are excited to see these changes take place and that we now get to be a part of the American dream of homeownership for even more first-time homebuyers.”
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About Advisors Mortgage Group
With big dreams and even bigger determination, Advisors Mortgage Group was founded in October 1999 by a single loan officer in a 400-square-foot office in Shrewsbury, New Jersey. In the years since its formation, Advisors has grown to serve not only the greater New Jersey area but also a vast portion of the United States. With branch offices up and down the East Coast and its corporate office in Ocean Township, New Jersey, Advisors Mortgage has established itself as a pillar of excellence in the mortgage industry. Its immense experience is Advisors Mortgage Group’s greatest asset and is the foundation of the success of the company and every Advisors branch and loan officer. In 2005, Advisors Mortgage Group was designated by the Federal Housing Authority as a Full Eagle FHA Underwriter. As a Full Eagle, Advisors has been able to expand its loan volume by approving loans, which a majority of the competition could not dream of. Advisors Mortgage Group has built a platform for a seamless and stress-free mortgage process for all of its customers, and it has that same mission throughout all of its offices. Advisors Mortgage Group understands that success cannot be attained without teamwork and communication, two of its most important strengths. Those looking to finance a home or refinance an existing mortgage may contact Advisors Mortgage at 855-LOANS-USA or visit its website at https://advisorsmortgage.com
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