| QUESTIONS | CATEGORIES | BLOG | PROFILE | Login | Register |
ASK QUESTION
Real estate → Home mortgages and real estate financing → Private Mortgage Insurance (PMI)
ANSWERS: 1
  • Official Know-It-All
    FHA mortgage insurance (PMI) is required when a borrower has a down payment that's less than 20 percent of the purchase price of the house. A premium of 1.5 percent of the loan amount is due upfront, and an annual premium of .5 percent is paid over the course of each year.

    Source:

    FHA.com

    No comments

RELATED QUESTIONS

ABOUT ANSWERBAG

Answerbag wants to provide a service to people looking for answers and a good conversation. Ask away and we will do our best to answer or find someone who can.We try to vet our answers to get you the most acurate answers.

Copyright 2023, Wired Ivy, LLC

Answerbag | Terms of Service | Privacy Policy