Have
lenders run the numbers for you for PMI and for an FHA - insured loan.
You will need to apply for a mortgage and let
the lender run the numbers for you to determine what rate and fees you will have under the two options.
Not exact matches
Talk with a
lender before you apply or
run your
numbers through a mortgage calculator to see if you may qualify
for a mortgage.
Even though your credit is not checked and no hard credit inquiry is placed on your credit report,
lenders will still determine whether or not you are credit worthy
for an approval by
running your Social Security
Number.
* Consent to
run a credit history search: Every
lender will either verbally ask
for permission (and then obtain your Social Insurance
Number) or ask you to sign an authorization form allowing them to pull your credit history.
A local mortgage
lender will be more than happy to
run through the
numbers for you.