Enjoy the ease and convenience of one loan and one low payment.
  

• No monthly Mortgage Insurance (MI) premium
• No Mortgage Insurance closing costs
• Lower monthly mortgage payment (in most cases) than an 80/10 loan
• Potential for qualifying for a larger loan
• Potential for greater tax benefits
• Significant savings over the life of the loan

What is Lender Paid Mortgage Insurance (LPMI)?
With the LPMI option, the lender pays your mortgage insurance through a higher interest rate, allowing you to avoid mortgage insurance with less than a 20% down payment. Even with the higher interest rate, your total payment is usually less than if you had a lower interest rate with mortgage insurance. You can now enjoy a low payment without having to take out a second mortgage or home equity line of credit. This maximizes your tax-deductible interest and minimizes closing costs.

Other programs available with no PMI:
My Community Mortgage - also available with the option of lender paid mortgage insurance or a reduced PMI rate
Freddie Mac Home Possible - also available with the option of lender paid mortgage insurance or a reduced PMI rate
Combo 80/5
Combo Interest Only Loans
Less than Perfect Credit
Jumbo Mortgage Loans
Government Insured Loans - Including VA and Rural Housing - FHA charges PMI but at a lower rate than conventional loans

Current Mortgage Rates - please contact us for Lender Paid PMI mortgage rates

All Mortgage Programs
100% Financing (No Money Down) Programs
First Time Home Buyer Mortgage Programs
My Community Mortgage
Government Loans including FHA, VA and Rural Housing
Refinance Programs

Current Mortgage Rates
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Recent lender paid mortgage insurance posts on our blog:

Lender Paid Mortgage Insurance
April 16th, 2008

Lender paid mortgage insurance also enables borrowers which do not have a large down payment to have access to home ownership. Lender-paid mortgage insurance is an approach that makes sense in recasting that expense as an interest expense that is tax-deductible. Lenders typically pass the costs of lending money on to borrowers, and mortgage insurance is one of those costs. Lenders usually require mortgage insurance on low down payment mortgage loans (less than 20%) for protection in the event that the homeowner fails to make monthly payments.

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