Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Why do USDA loans not require PMI?

Loans PMI require usda
0
Posted

Why do USDA loans not require PMI?

0

There is no monthly PMI, however USDA loans require a 2% Guarantee Fee that is financed into the loan. Since there is no monthly PMI the mortgage payments are typically less than other loans.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123