Are you looking to avoid paying Private Mortgage Insurance? It used to be the case that you had to have at least a 20% down payment in order to eliminate the Lender's Mortgage Insurance (PMI). In today’s lending standards this is simply not the case. There is now a program backed by the secondary market that allows a Borrower to put as low as 3% down on a home purchase and not have Private Mortgage Insurance. It is a program called Lender Paid Mortgage Insurance (LPMI). This is where the PMI is paid by the lender and is financed into the mortgage rate. Let me connect you to the most helpful Mortgage Loan Officer.