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What is the minimum down payment required in order to eliminate PMI?

April 26, 2017down payment Eliminate minimum PMI

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What is the minimum down payment required in order to eliminate PMI?

2 Answers

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Typically, on a primary residence, the minimum that you need to put down to eliminate PMI is 20%. If you are putting less than this down, but wish to avoid PMI, your lender may have alternative products and pricing options they may offer in lieu of PMI.

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Typically, on a primary residence, the minimum that you need to put down to eliminate PMI is 20%. If you are putting less than this down, but wish to avoid PMI, we may have alternative products and pricing options.