Is there a way to avoid mortgage insurance?
Yes. We offer an 80/15 loan program with no PMI required. Under this program, the borrower makes a 5% down payment, finances a first mortgage against the property for 80% of its value, and takes out a second mortgage against the property for 15% of its value. We also offer 98% financing for your new home, so if you don t have the down payment we can still help.
