Can a first time buyer obtain a reduction to their FHA mortgage insurance premium?

No reduction in premium is available to first time buyers.

For more information see Handbook 4000.1 V. Appendix 1.0 available at

All policy information contained in this knowledge base article is based upon the referenced HUD policy document. Any lending or insuring decisions should adhere to the specific information contained in that underlying policy document.

Topic Number: KA-03831