Lender Paid Mortgage Insurance

(LPMI) Lender Paid Mortgage Insurance

Lender Paid Mortgage Insurance eliminates the need for monthly mortgage insurance payments.*

Now you can choose to eliminate the need for monthly mortgage insurance payments when you have less than the minimum down payment. With Lender Paid MI, Academy mortgage will pay a lump sum, up front, and your monthly payment will not be required to include Mortgage Insurance.*

This is accomplished by building in the premium into your interest rate.

What loans will qualify?

Conventional fixed rate loans
Conforming and high-balance loansOwner occupied or second homes
Owner occupied purchase or rate and term refinances
Minimum 680 FICO credit score on conforming loans

*Restrictions Apply. Contact Doug Bullwinkel at doug.bullwinkel@academymortgage.com for more details and to see if you qualify for this program.

Academy Mortgage Corporation | Corp License: CA 4170013 | Corp NMLS #3113 Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act. All mortgage products are subject to credit and property approval. Rates, program terms, and conditions are subject to change without notice. Not all products are available in all states or for all amounts. Additional conditions, qualifications and restrictions may apply. Not an offer for extension of credit or a commitment to lend. LenderSolutions.com and Academy Mortgage Corporation are not affiliated or endorsed by any government agency. Equal Housing Lender.