fbpx
Stem Lending Website LogoStem Lending Website Logo
  • About Us
    • Contact Us
    • How It Works
    • Our Mission
    • Our Team
    • Media Coverage
    • Terms of Use
    • Privacy Policy
    • Disclosures & Licenses
  • Learning Center
    • Videos
    • Mortgage Glossary
    • Rate Trends
    • Loan Limits
    • For Sale By Owner
    • Refer a homebuyer
  • Services
    • Mortgage Pre-Approval
    • Refinance
    • Investment Property Mortgage
    • Immigrant-Friendly Mortgages
    • Renovation Loans
    • Construction to Permanent Mortgage
  • Sign In
  • Apply Now
Site Logo

Mortgage Insurance is a type of insurance policy that protects the lender in case the borrowerdefault on the loan. There are different types of mortgage insurance policies. Private mortgage insurance (PMI) is one type of policy. Borrower pays PMI when they get a conventional loan, usually when the down payment is less than 20% of the home’s appraised value.

Shop lenders, save on mortgage:

GET STARTED
Related Articles:
  • Glossary: Upfront Mortgage Insurance Premium
  • Glossary: Private Mortgage Insurance
  • Glossary: Qualifying ratios
  • Glossary: PITI
  • Debt-To-Income (DTI) Ratio and its importance
« Back to Glossary Index
Related Terms:
  • Term: Private Mortgage Insurance
  • Term: Conventional Mortgage
  • Term: Insurance
  • Term: Mortgagor
  • Term: Down Payment
  • Term: Lender
  • Term: Default
Copyright ©2021STEM Lending, Inc.
101 Hudson Street, Suite 2100, Jersey City, NJ 07302
+1 833 600 0490, +1 201 800 6700
+1 888 432 0080
9 am - 5 pm. Schedule Consultation.
Best Mortgage Brokers in PhiladelphiaEqual Housing Opportunity






Stem Lending is a mortgage broker, helping home buyers comparison shop for their mortgage. Currently available to home buyers in Colorado, Connecticut, New Jersey, Pennsylvania, and Virginia. NMLS: 1648699