Home Loans 101: What is Private Mortgage Insurance (PMI)?



Home Loans 101: What is Private Mortgage Insurance (PMI)?

What is PMI in home financing?

Private mortgage insurance or PMI is insurance that buyers may be required to obtain. PMI is usually required on a conventional loan if the down payment is less than 20% of the home's purchase price.

Begin your home loan process today!

Local Loan
Consultations

Timely and Accurate
Communication

Industry-Leading
Product-Selection

This site uses cookies to process your loan application and other features. You may elect not to accept cookies which will keep you from submitting a loan application. By your clicked consent/acceptance you acknowledge and allow the use of cookies. By clicking I Accept you acknowledge you have read and understand Restore Home Loans, LLC's Privacy Policy.