How Can You Avoid PMI?

Private mortgage insurance isn't required forever, and there are several ways to reduce or avoid it. Here are the most common strategies.

Put 20% Down

The most direct way to avoid PMI on a conventional loan is to put down 20 percent. This isn't realistic for everyone, but it does eliminate PMI from the start.

Use a Loan Without PMI

VA loans don't require monthly mortgage insurance, and some lenders offer lender-paid PMI or piggyback structures. Each has trade-offs worth understanding.

Reach 20% Equity, Then Remove It

If you start with PMI, you can request its removal once you reach about 20 percent equity through payments or appreciation.

Weigh the Trade-Offs

Avoiding PMI sometimes means a higher rate or larger down payment, so it's worth comparing the total cost of each path.

Let's Compare Your Options

As your REALTOR, I can connect you with lenders to run the numbers on PMI versus no-PMI options. Reach out and we'll find what saves you the most.