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2. How to Avoid PMI - AOL

   www.aol.com/finance/avoid-pmi-163543476.html

   The simplest way to avoid PMI is to make a down payment of at least 20% of the purchase price. With home sale prices averaging well over $400,000 nationally, however, this means a down payment of ...

3. 10 Best Mortgage Lenders of 2023 - AOL

   www.aol.com/finance/10-best-mortgage-lenders...

   No lender fees. Get preapproved with no credit score impact. Preapproval in three minutes and closing 10 days faster than industry average. Cons: No FHA, VA or USDA loans. No home equity loans or ...

4. Best lenders for low- and no-down payment mortgages in 2024 - AOL

   www.aol.com/finance/best-low-no-down-payment...

   Availability: All U.S. states Loans offered: Conventional, jumbo, FHA, VA Credit requirements: 650 for conventional loans, 700 for jumbo loans, 620 for FHA loans Down payment minimum: 3% for ...

5. Non-conforming mortgage - Wikipedia

   en.wikipedia.org/wiki/Non-conforming_mortgage

   With passage of the economic stimulus package in 2008, Fannie Mae and Freddie Mac were temporarily authorized to purchase loans in high-cost areas, up to 125% of the area's median home price, not to exceed $729,750, except in Alaska, Hawaii, Guam, and the US Virgin Islands, where higher limits may apply. [1]

6. How to Reduce Your Mortgage Insurance Payment - AOL

   www.aol.com/2013/02/27/mortgage-insurance

   Types of housing that require PMI: 1) Primary residences -- maximum loan to value of 97 percent, 95 percent loan to value produces best terms; 2) Second/vacation Homes-- Maximum loan to value of ...

7. Home Affordable Refinance Program - Wikipedia

   en.wikipedia.org/wiki/Home_Affordable_Refinance...

   Many people who purchased their home with a down payment of less than 20% of the purchase price were required to have private mortgage insurance (PMI). This is common practice with Freddie Mac or Fannie Mae loans. Having PMI attached to a loan made that loan easier to sell on the Wall Street secondary market as a "whole loan".