1.I understand FHA owered their PMI rate for 2015. Does anyone know the current rate versus the current rate for a USDA PMI rate? Would a USDA loan be cheaper than the FHA, assuming you would be putting a 10 percent down payment using either one?
2. Do lenders still uses Piggy Back or Blended Rate Morgages? If so are they 80/20? 80/10/10?
3. If anyone has secured one of these loans can you give me an idea of the interest rate difference in the 1st and 2nd mortgage?
With our current credit scores, we qualify as high fair to good. Waiting on official approval letter to start home shopping.