PMI Cancellation Pilot Now Up to FHFA Under Executive Order
An October 22, 2026 executive order lets the FHFA Director start a PMI cancellation pilot that would use automated home valuations on new Fannie Mae and Freddie Mac…
Category
Private Mortgage Insurance
Most conventional loans with less than 20% down need private mortgage insurance (PMI). These guides explain what PMI costs, how it compares to FHA mortgage insurance, and how to avoid or cancel it. Start with What is PMI?
Lender-Paid Mortgage Insurance (LPMI): How It Works
Lender-paid mortgage insurance (LPMI) removes the monthly PMI charge in exchange for a higher rate that lasts for the life of the loan. Here's how it compares with…
5 Ways to Buy a Home with 5% Down or Less
One of the most common misconceptions about mortgages is that you need 20% down to buy a home. Options for buyers with 5 percent down or less show…
Piggyback Loan (80/10/10 Mortgage) | Rates & Requirements 2026
An 80 10 10 loan is a mortgage option in which a home buyer receives a first and second mortgage simultaneously, covering 90% of the home's purchase price. The buyer…
How to Get Rid of PMI on an FHA Loan | With or Without Refinancing 2026
You may be able to get rid of PMI on an FHA loan (the FHA calls it MIP), depending on when you got the loan and your down…
How much is PMI (private mortgage insurance)?
How much does mortgage insurance cost? On a conventional loan, Freddie Mac says you can expect private mortgage insurance (PMI) to cost about $30 to $70 a month…