Although interest rates are on the rise, it's still a great time to purchase a home. Speak with one of our expert loan officers today!

What is private mortgage insurance?

Private mortgage insurance, also known as PMI, is usually required if your down payment is less than 20% of the purchase price. Fees can vary greatly, but the average premium is 2.5% of the mortgage with a portion of the total premium due at closing.

Didn't find what you were looking for?

Contact Us
Privacy Policy