What Is Private Mortgage Insurance (PMI)? – Maggie Rose, Realtor, Presents South West Florida Luxury Homes

This amount can vary from $0 for VA loans, 3.5% for FHA Loans and 20% for conforming mortgages. Speak to your licensed mortgage loan originator to Down payment of less than 20% percent, might require a purchase of private mortgage insurance (pmi). pmi protects the lender in the event of foreclosure.

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