Lender-Paid Mortgage Insurance

or

Call: (800) 466-3733

We can still save you some serious money on your monthly payments!

  • You can get a good home loan with only 5%-19% down
  • You’ll always get a good interest rate
  • You’ll never be charged any unnecessary or hidden fees
  • You’ll work with friendly, non-commissioned loan officers

AND…Nutter will even pay your PMI Insurance up front, so you don’t have to pay it every single month over the life of your home loan

What is PMI Insurance? Private Mortgage Insurance (PMI) is required when a buyer has less than 20% to put down on a mortgage loan. Lenders typically add the PMI fee (generally between $100-$200 per month) to your monthly loan payment.

Nutter pays all the PMI fees up-front, for you. Your interest rate will increase slightly to cover the cost of your PMI, but your monthly payment will still go down.

James B. Nutter’s Lender-Paid Mortgage Insurance is a welcome option for many families wanting to reduce their monthly payments, offers the potential for a greater tax deduction.

Here’s an example:
Let’s say you’ve found a home that sells for $285,000. You’ve saved $14,250 to put down, which is 5% of the home sale value and are seeking a Conventional Loan.

SELLING PRICE: $285,000
LOAN AMOUNT: $270,750
LOAN-TO-VALUE: 95%

 Principal & Interest
 Homeowner’s Insurance Estimate
Real Estate Taxes Estimate
No PMI/PMI
Total

Lender-Paid Mortgage Ins

 Principal & Interest
$1,371.85
 Homeowner’s Insurance Estimate
$150.00
 Real Estate Taxes Estimate
$233.33
No PMI
Total
$1,755.18

Mortgage with PMI

 Principal & Interest
$1,312.19
Homeowner’s Insurance Estimate
$150.00
 Real Estate Taxes Estimate
$233.33
PMI
$148.91
Totals
$1,844.43

Save $89.25 per month

*The above is provided for information purposes only. Interest rates shown are examples only and are subject to change without notice. Please note: program availability is subject to approval under insurer and investor requirements, not all borrowers may qualify.