no pmi 10 down payment conventional loan: Conventional Loan Product With Only 10% Down Payment And NO PMI
- 07/29/14 04:43 AM
We have a new loan product that I am very excited about, it is a Conventional Loan Product With Only 10% Down Payment And NO PMI. Yes you heard that correctly only 10% down and NO Private Mortgage Insurance (PMI). Now before anyone says the other 10% is built into the interest rate, it is not. In addition to only requiring a 10% Down Payment, and not having ANY PMI, this loan product also has a below market interest rate which has been running about .25% less than the Conventional Loan Products. This means a Borrower's purchasing power is higher since the (20 comments)