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Updated almost 6 years ago on . Most recent reply

Marky Suazo's profile image
Marky Suazo's profile image
Marky Suazo
  • Attorney
  • from Forest Hills, NY
  • Member since Feb 20, 2019
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Marky Suazo's profile image
Marky Suazo's profile image
Marky Suazo
  • Attorney
  • from Forest Hills, NY
  • Member since Feb 20, 2019
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Marky Suazo
  • Attorney
  • Forest Hills, NY
57
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73
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Starting Out

Private mortgage insurance

Marky Suazo
  • Attorney
  • Forest Hills, NY
Posted

Hi all:

I'm a first-time home buyer in the market for a small multifamily . Ive been looking into using the FHA loan, or something similar in order to take advantage of the low down payment. However, years of paying PMI make this option somewhat less attractive. Is it possible to avoid PMI if I place a downpayment of 10% or less? Or, alternatively, to get out of the PMI after a few years?

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