What Is a PMI Saver Home Purchase Loan?
Homeowners who put less than 20% down will most likely be required to pay private mortgage insurance (PMI). PMI is an insurance policy designed to protect your lender if you're unable to pay for your mortgage. It's a percentage of your mortgage, which means the more your mortgage is, the more your PMI will be.
Benefits of a PMI Saver Purchase Loan
Mortgage Center could help you save and take advantage of several benefits with our PMI Saver purchase loan:
- Avoid the extra cost of PMI: With this loan, we'll help you avoid PMI — all for as little as 10% down. Since we'll be covering your mortgage insurance and factoring it into your interest rate, you'll avoid the extra costs and save money over time.
- Low rates and fees: Without a large down payment, you won't need as much saved to get into your new home.
Who Qualifies for a PMI Saver Home Purchase Loan?
Here at Mortgage Center, we want to make homebuying more accessible and affordable. Our PMI Saver loan can help you achieve your goals.
There are a couple of different factors we'll take into consideration when you apply for our PMI Saver loan, including:
- Your credit score.
- The loan amount.
- Down payment.
Along with determining your eligibility, these factors will determine your interest rate.
Why Choose Mortgage Center?
Since 1990, our team of over 100 mortgage experts has served our community and helped it grow. We're committed to those we serve, forming strong relationships and collaborating to ensure your home buying goals are achieved.
Along with offering exclusive loan products at lower rates, we service mortgages for the life of the loan so you’ll have support every step of the way.
Interested in Learning More About Our PMI Saver Home Purchase Loan Rates?
At Mortgage Center, we've made it easier than ever for you to apply and get preapproved. With our online application, you'll even be able to submit your documents and get updates — all from your home.
Ready to get started? Fill out our online application or give us a call at 800-353-4449 to get your application started today.