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re: Buying a house
Posted on 10/22/12 at 9:24 am to LSU1018
Posted on 10/22/12 at 9:24 am to LSU1018
The UFMI on a RD loan is 2%. It usually gets financed back into the loan. Putting down 10-20% is usually best, however don't let that stop you from buying a home. If you are paying rent, you are paying someone else's mortgage plus. Call a lender to get preapproved and look at all of your options. Stay away from your small banks. Mortgage companies usually have better options for first time home buyers.
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