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Originally Posted by BMW F22
Good to know. Thanks for the info guys!
Never knew that you don't necessarily have to pay for PMI with less than 20%. I'm curious if it's as secured to go with a smaller bank than the big guys. Sorry for thread hijack OP. Just thought that these questions are pertinent.
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Regardless of what bank does the loan, 99% of conventional loans are secured by Fannie Mae or Freddie Mac, so it's all the same. The main difference in lender is the rate and costs you'll pay to get the loan. Most of the small guys end up selling the loan to the big banks after closign anyways.