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 email@example.com for more details and to see if you qualify for this program.