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re: Rural development question

Posted on 4/28/14 at 10:41 pm to
Posted by LSUengineer12
The Best Side
Member since Dec 2011
1850 posts
Posted on 4/28/14 at 10:41 pm to
My RD loan (closed Mar 31st) locked in at 4.2%

ETA: USDA may be lower but they rape you in PMI
This post was edited on 4/28/14 at 10:43 pm
Posted by Lion4Life
Louisiana
Member since Sep 2012
424 posts
Posted on 4/29/14 at 5:49 am to
quote:

ETA: USDA may be lower but they rape you in PMI


Not true. RD finance fee is a fraction of traditional loan PMI
Posted by hawkeye007
Member since Feb 2010
5892 posts
Posted on 4/29/14 at 9:56 am to
FHA does the rapeing on PMI RD is just a small fondleing. the PMI rate on RD is actually very small compared to other types of loans.
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