As you may have read recently, the mortgage industry is going thru some major changes.  Some of the changes will be beneficial a borrower, especially if that borrower has less than 20% equity and will be required to have Private Mortgage Insurance on their Conventional Loan.

I have created a flyer which describes these new options with PMI.  In addition to describing the options, I have shown the comparison of the total house payment as a guide to find which PMI option might be best for you.

Please note that PMI options and availability are FICO or credit score driven.  Credit scores, amount of down payment and loan type can have a major impact on your final payment.