PMI Rate Quote
How private mortgage insurance works on conventional financing, how to estimate it, and when it can come off.
To get a good idea of what your monthly PMI would be, go to Radian, the link below, and follow the prompts, or your Loan Representative can and will assist in getting a PMI quote. Please note, monthly PMI will be required if your plans are to put less than 20% down.
On conventional financing, monthly PMI can be removed once your property has reached 78% Loan to Value(LTV), 12 months of payment must be made with no late payments, unless the note is reduced to 78% of the original sales price, reach out to your Loan Representative or lender with more details.
This link will take you to an external website. By clicking this link you acknowledge that you are leaving the State Capital Mortgage website.
Get an idea of your monthly PMI with the Radian quote tool:
PMI amounts vary by loan program, loan-to-value, and credit profile. Any quote from Radian is provided by a third party we are not affiliated with; confirm the details that apply to your scenario with your loan representative.