Oops, posted this to the wrong thread originally, sorry to have to re-post: My parents told me that they just put a good chunk of money into a local bank called Premier America Credit Union. Anyone know anything about this bank? Their website shows that they do I/O loans (with a 20% down), and they have a special loan program for those with "modest incomes" even if they have only 3% to put down, and no PMI needed! Hmmmm. Maybe I will need to pull one of those bank-rating reports that Powayseller has mentioned, are those in plain English and comprehensible to an economics/finance layperson like myself?
