A couple smiling while signing a document being given to them by a smiling professionally dressed man
With Private Mortgage Insurance (PMI) through Kish Bank, the path to owning a home—even without the cash for a traditional down payment—can become a reality.
PMI is typically required when someone has a conventional loan and makes a down payment that is less than 20% of the purchase price of the home. PMI protects the lender against loss, not the borrower. PMI pricing is based on your total loan amount and your mortgage interest rate. The cost is rolled into your mortgage along with taxes and insurance.
To learn more about PMI and find out if it’s a smart option for you, contact a local Kish lending specialist. We’ll evaluate your needs and find the best borrowing solution for your circumstances.