TALK TO A LOAN OFFICER VIEW RATES APPLY NOW PROGRAMS CALCULATORS INFORMATION ABOUT US CONTACT US SIGN IN Private Mortgage Insurance (PMI) Private Mortgage Insurance (PMI) allows a borrower to purchase a home with as little as 3% down, or refinance a home with as little as 5% equity. The borrower pays a monthly premium along with their monthly mortgage payment. The amount of the insurance premium depends on the LTV and FICO score. PMI Guidelines (Single Family Residence or Condo) Primary Residence Purpose Max Loan Amount Max DTI Max LTV Min FICO Purchase 548,250 45% 97% 620 No Cash Out Refi 548,250 45% 95% 620 Purchase or No Cash Out Refi 548,250 50% 95% 700 Purchase or No Cash Out Refi Super Conforming 45% 95% 620 Purchase or No Cash Out Refi Super Conforming 50% 95% 700 PMI Annual Premiums Standard Rates (Greater Than 20-Year Amortization) Loan-to-Value FICO >=760 FICO 740-759 FICO 720-739 FICO 700-719 FICO 680-699 FICO 660-679 FICO 640-659 FICO 620-639 95.01-97 0.55 0.67 0.84 0.96 1.17 1.5 1.6 1.8 90.01-95 0.37 0.52 0.65 0.76 0.94 1.25 1.29 1.37 85.01-90 0.27 0.37 0.45 0.54 0.64 0.88 0.89 0.92 80.01-85 0.18 0.19 0.22 0.24 0.27 0.37 0.39 0.42 Standard Rates (Less Than or Equal to 20-Year Amortization) Loan-to-Value FICO >=760 FICO 740-759 FICO 720-739 FICO 700-719 FICO 680-699 FICO 660-679 FICO 640-659 FICO 620-639 95.01-97 0.37 0.5 0.65 0.77 0.97 1.3 1.45 1.65 90.01-95 0.28 0.38 0.45 0.54 0.65 0.80 0.93 1.09 85.01-90 0.19 0.21 0.25 0.28 0.33 0.42 0.47 0.55 80.01-85 0.17 0.18 0.19 0.20 0.20 0.22 0.24 0.27 Cancellation of PMI AimLoan follows Fannie Mae and Freddie Mac guidelines which allow for cancellation of PMI upon a borrower’s request when: If using property value at time of loan origination The unpaid principal balance is no more than 80% of the of the property value at time of loan origination. If using an appreciated property value At least two years have passed since the loan was originated; and The unpaid principal balance is: No more than 75% of the new appraised value if two to five years have passed since the origination date; or No more than 80% of the new appraised value if five or more years have passed since the origination date In all cases, the loan must have an acceptable payment history and the borrower must pay for a new appraisal to support value. 4121 Camino Del Rio South San Diego, CA 92108 Call us on 888-411-4246 Help Contact Us Calculators Information Glossary Company About Reviews Community Service Careers Upfront Mortgage Lender Legal Privacy Policy CA Privacy Notice State Licensing Accessibility Site Security © 1998 - 2021 American Internet Mortgage, Inc. NMLS #2890