• BombOmOm@lemmy.world
      link
      fedilink
      English
      arrow-up
      1
      arrow-down
      3
      ·
      edit-2
      5 months ago

      Closing costs can be rolled into the mortgage and PMI drastically reduces how much is required for a downpayment.

      Rents are also much cheaper in these areas too, which makes it much easier to save up for a PMI lowered downpayment.