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Updated almost 9 years ago on . Most recent reply

Craig Moore's profile image
Craig Moore's profile image
Craig Moore
  • Commercial Property Manager/Facilities Manager
  • from Boston, Massachusetts
  • Member since Nov 16, 2015
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Craig Moore's profile image
Craig Moore's profile image
Craig Moore
  • Commercial Property Manager/Facilities Manager
  • from Boston, Massachusetts
  • Member since Nov 16, 2015
Connect
Craig Moore
  • Commercial Property Manager/Facilities Manager
  • Boston, MA
41
Votes |
187
Posts
Buying & Selling Real Estate

How to avoid PMI? Is this possible? (FHA Buyer)

Craig Moore
  • Commercial Property Manager/Facilities Manager
  • Boston, MA
Posted

Hi All,

I was wondering if any of you had any advice on how I could avoid, if at all, private mortgage insurance. I have heard that this is a significant chunk of your monthly cash flow and if I can avoid it or shrink the number that would be great. Also, if you have any recommendations of banks/lenders that don't require PMI (if this is a realistic expectation) in the Boston area please let me know.

Thanks!

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Maureen F.'s profile image
Maureen F.'s profile image
Maureen F.
  • from Milton, Massachusetts
  • Member since Jan 13, 2016
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Maureen F.'s profile image
Maureen F.'s profile image
Maureen F.
  • from Milton, Massachusetts
  • Member since Jan 13, 2016
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Maureen F.
  • Milton, MA
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Maureen F.
  • Milton, MA
Replied

No not for the MassHousing loan. That's true for the ONE Mortgage and the NACA.

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