Does usda require pmi and if so how much is it?
Looking to get a usda loan because of the zero down payment but not sure if they have the pmi or not. Especially concerned about an upfront premium payment. by craigbronson78623... from Wells, Nevada. Aug 8th 2014
MIKE CONVIN (mconvin)
#6 ranked lender in Delaware - 202 contributions
HI CRAIG: THERE ARE PROGRAMS WITH NO UPFRONT PREMIUM NOT SURE IF U ARE LOOKING FOR USDA ONLY SPECIFICALLY...BE GLAD TO ANSWER ANY OTHER QUESTIONS. BANK LENDING NATIONWIDE (MIKE 703 505 5300) NMLS 754875
Phil Dumouchel (PhilDu)
#32 ranked lender in South Carolina - 2,249 contributions
No need to be concerned about the upfront PMI premium because it is added to your loan (no additional out of pocket cost). The new PMI will add roughly $50/mo on a $100,000 loan.
Ask our community a question.
Get an answer
Related Questions
