Contact Information
Steve Conklin Sneffels Realty
Cell: 970-209-4446 Fax: 970-626-3557
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Is PMI always required on low-down home loans? |
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Is PMI always required on low-down home loans?
A growing number of private lenders are loosening up their requirements for low-down-payment loans. But private mortgage insurance, or PMI, usually is required on loans with less than a 20 percent downpayment. The Homeowners Protection Act states PMI must be dropped on any loan originated after July 29, 1999 IF it has a 78 percent loan-to-value ratio.
Questions about Montrose, Colorado Real Estate?
Ask us below or Call us Now at 970-209-4446
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Featured Listings
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Montrose 4 Unit |
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Bridges Golf Club |
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