Rural Development Loans Just Got Better!
Mortgage Broker, Linda Sinacola (PLB Lending – 248.931.9600) just shared with me that mortgage insurance has dropped drastically on the new RD mortgages! The upfront guarantee fee is now 1%, that’s down from 2% and the monthly mortgage insurance is now only .35% instead of .85%.
Many areas qualify for this 0 down financing in Oakland, Macomb, Lapeer and Genesee counties. In fact, all of Oxford and Lapeer County qualifies for this type of loan. Linda also stated that if you are a first time buyer, you should definitely check into this loan and see if it is available in your area.
If you have any questions or concerns, please contact myself at the numbers below or Linda Sinacola at the numbers above.