All mortgage loans, regardless of program, require mortgage insurance if the down payment is less than 20%. USDA uses buyer-paid mortgage insurance premiums to continually fund the program. USDA mortgage insurance is separated into an upfront fee and an annual fee.
Usda Home Loan Eligible Areas New Iberia Real Estate New Iberia Real Estate | Find Homes for Sale in New Iberia. – Real Estate Market Trends in New Iberia, LA The median price home price in New Iberia is $159,000. Right now, there are 258 homes listed for sale in New Iberia, including 0 condos and 42 foreclosures.