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Updated about 8 years ago,

User Stats

15
Posts
4
Votes
London Stewart
  • New to Real Estate
  • Atlanta, GA
4
Votes |
15
Posts

FHA or BofA 3% down w/ no PMI?

London Stewart
  • New to Real Estate
  • Atlanta, GA
Posted

I am looking into house hacking a duplex. Originally, I was going to use a FHA loan. Most recently, I have found out about the Bank of America loan. This loan requires only 3% with no PMI. Since there is no PMI, I assume the interest rate will be much higher. Has anyone had experience with this type of bank of america loan? Which loan would you recommend for a house hack?

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