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re: Rural development question

Posted on 4/29/14 at 5:49 am to
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 Civildawg
Member since May 2012
8601 posts
Posted on 4/29/14 at 8:01 am to
Exactly, I did USDA loan and I was able to get 3.25% while I could only get 3.5% on a conventional so even though you have a small PMI fee over the life of the loan it was still cheaper for me because of the .25% lower interest rate.
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