Hi, my fiancé and I are in the process of buying our first house! We are going through Rausch Coleman homes and we have am FHA loan… Do we have to have an escrow account to pay taxes and insurance or can we do that on our own? We will also have a private mortgage insurance if that matters. Also, if we have to have the escrow account, could we pay it up for a full year? So that way we have our house payment and private mortgage insurance only? Thanks for any help and advise!
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