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re: Rural development question
Posted on 4/29/14 at 5:49 am to LSUengineer12
Posted on 4/29/14 at 5:49 am to LSUengineer12
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 on 4/29/14 at 8:01 am to Lion4Life
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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