Lender Paid Mortgage Insurance (LPMI)

Avoid paying monthly mortgage insurance with Lender Paid MI.*


If you plan to put less than 20% down payment on your home, you could be required to pay monthly mortgage insurance. With Lender Paid MI, you can choose to have VITEK pay a lump sum up front, offset by a slightly higher interest rate, to cover your mortgage insurance and avoid paying the monthly mortgage insurance premium.

Program Availability:

  • Conventional loan with fixed interest rate
  • Maximum loan-to-value of 97%*
  • Conforming and high-balance loans
  • Owner occupied or second homes
  • Owner occupied purchase or rate and term refinances
  • Minimum 680 FICO credit score on conforming loans with less than 95% loan-to-value (720 minimum FICO for loans greater than 95% up to 97% loan-to-value)

*Restrictions apply. Contact us for details. Program guideline information may change without notice. Please contact us for the latest program guidelines.

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