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Message
re: Rural vs Conventional
Posted on 6/25/13 at 1:46 pm to Croacka
Posted on 6/25/13 at 1:46 pm to Croacka
quote:
No monthly PMI
It changed about a year ago...there is now monthly PMI on RD.
My RD loan of $175k has a monthly PMI of $58. If I would've gone FHA it would've been around $175/month PMI. Not sure what conventional would've been.
In terms of PMI then yes Rural by a long shot. As of a month ago Rural also beat conventional and FHA in rates.
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