This Article Is About Lender Paid Mortgage Insurance And How Does It Work Lender Paid Mortgage Insurance is also referred to as LPMI. Lender Paid Mortgage Insurance applies to Conventional Loans only. Private Mortgage Insurance is required for all Conventional Loans with less than a 20% down payment. We will be discussing the various private mortgage […]
Mortgage borrowers with less than a 97% loan to value and higher credit scores can qualify for a conforming loan without paying annual mortgage insurance. Instead, the lender can cover the mortgage insurance for the borrower. In exchange, the borrower pays a slightly higher mortgage rate.