Where To Get PMI Approvals

by Steve Olvido from California

Regarding where to get PMI approvals: A large national bank just came out with a new conforming loan with 5 percent down but the catch is you have to find companies who will offer PMI (private mortgage insurance) on 95 percent LTV (loan to value).



Are there companies who would do this for homes in the California declining market? If so, which companies? Thanks, Steve Olvido

Kate Answers: Where To Get PMI Approvals

Dear Steve, You must be a mortgage broker, right? And brokering to the large national bank for this program requires you to dig up a PMI company yourself? Write back if this is not the case.

Although I do not know specifically any specific PMI companies to recommend, how about asking "XYZ" Bank which private mortgage companies they've approved for other types of mortgage programs and start from that list.

Perhaps there are other mortgage brokers reading this with advice. Please leave a comment below if you know which PMI company is insuring 95 percent LTVs in California or other declining markets.

Take a moment to bookmark Where To Get PMI Approvals to your favorites so you can easily return. You can also invite friends to comment on this page or ask another question of their own like you did.

Best Wishes,

Ask Kate how to get the best mortgage rates
Ask Kate



P.S. Check out Best Mortgage Rate Blog yourself! It's an entertaining source of mortgage information. Subscribe now to the RSS feed.

Finally! PMI Answers You Need

What Is PMI - Could private mortgage insurance be your solution to equity and down payment problems? 2013 Update: Deductible mortgage insurance premiums.

Updates on HARP 2.0 Refinance with Borrower and Lender Paid Mortgage Insurance - PMI and LPMI.

Could you be entitled to a mortgage insurance refund from FHA?

How do lenders calculate PMI? Credit history, amount of down payment or equity, occupancy status, and loan type factors.

How Do I Cancel PMI Will refinancing or a new appraisal be required?

What to do if PMI Decision Making is getting in the way of refinancing or buying a house.

My name is Kate and I will be your guide - PMI Questions and Answers



Return from Where To Get PMI Approvals to our Home Page also found at www.Get-Your-Best-Mortgage-Rate.com


Click here to add a comment.

You can also ask Kate about your mortgage at Ask Kate About Buying a House.

Recent Articles

  1. Kate's Mortgage Rate Report August 11: Rates Bouncing Like a Ping Pong Ball

    Aug 11, 16 10:49 AM

    Kate's mortgage rate report for the week ending August 11, 2016: Rates Bouncing Like a Ping Pong Ball
    Mortgage interest rates have been bouncing like a ping pong ball: After last Friday's strong job report began pushing up mortgage rates, the market is now hinting at a reversal, with the 30-year hover…

    Read more

  2. Ask Kate how to avoid unauthorized mortgage rate extension fees

    Aug 11, 16 10:18 AM

    Ask Kate how to avoid unauthorized mortgage rate extension fees
    Ask Kate how to avoid unauthorized mortgage rate extension fees:

    After locking in her rate, the bank sent a Texan homeowner, Laura, notification of several thousand in fees that she must pay in order…

    Read more