hawkeye007 LSU Fan greenwell springs Member since Feb 2010 1798 posts
re: Rural vs Conventional (Posted on 6/25/13 at 1:16 pm to bwallcubfan)
if you have a strong credit score conventional is the way to go, RD loans have monthly pmi and upfront PMI you finance in the loan. So if your score is over 700 conventional will be a better loan for you.
lsu tigerdog LSU Fan Baton Rouge Member since Nov 2007 113 posts
re: Rural vs Conventional (Posted on 6/25/13 at 1:29 pm to bwallcubfan)
rural development is the way to go, but there is a small pmi that's added to the total monthly payment, its very small. for closing cost, it can vary depending where you go.call me if you want, i'm a broker here in baton rouge, 225-291-7901 x 224,i can give more detail abt rural development program;no fee's on our end. if your income is below $74,750 you're good to go