Fannie Mae announced that it will offer homebuyers two options for reducing mortgage insurance costs.

One option lets borrowers qualify for a reduction in mortgage insurance costs to 1994 levels. The second offers even lower coverage costs in exchange for an additional closing fee.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.