Lender-Paid Mortgage Insurance (LPMI)
PMI Lender Spectrum is PMI’s nationwide Lender-Paid Mortgage Insurance (LPMI) product. All lenders are eligible for Spectrum. No prior approval or agreement is required.
PMI’s LPMI plan gives your borrowers the benefit of no premiums due – either at closing or on a monthly basis:
- MI is paid by the lender with the lender’s funds
- LPMI single premium is non-refundable
- Rates are selected based on lender domicile
Products
- PMI Lender SpectrumSM Monthly Premium/NUMonthly [view rates]
- PMI Lender Spectrum Single PremiumSM [view rates]
Our Monthly plan rates are among the lowest available for 720+ credit score borrowers on LTVs up to 95%. And our minimum credit score is 660 on LTVs up to 95% for 1-unit properties.1
1Minimum credit scores are 660 for LTVs up to 95% and 720 for 97% LTV. In distressed markets, minimum credit scores are 680 for LTVs up to 90% and 720 for 95% LTVs.
