Not all lenders offer LPMI loans, but as the economy comes out of the subprime mortgage crisis and credit is getting easier to get – lenders are starting to expand their guidelines again. During the crisis, most lenders would not offer more than traditional government-backed mortgage loans but as the economy improves, lenders are starting to bring back programs that existed before the crash.
Why Consider an LPMI Loan?
LPMI loans may make sense for you depending on your situation. When buying a house – if you have 20% to put down, but also need to buy new furniture or fix up your house a bit – it is easy to get out of paying mortgage insurance by working with a lender who offers a LPMI loan option.
Lenders Offering LPMI Loans
List of lenders offering LPMI loans coming soon!