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MP900439582

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.