If you have 5% to put down, consider a conventional loan at 95% LTV. Do a upfront single premium mortgage insurance payment and then you will not have pmi each month.
I am a mortgage loan officer with WR Starkey Mortgage; and, of course, would be happy to help you. - Thu May 15 2008, 07:44
MVPs or 'Most Valuable Players' are key Trulia Voices members who have been contributing high-quality content throughout 2008 and providing valuable advice to consumers and real estate professionals.