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Traditionally, we would suggest an FHA loan for borrowers with a small down payment, but with the recent increase in FHA MIP rates, a conventional loan with LPMI or lender paid mortgage insurance, may provide you with a lower monthly payment and greater tax savings (please consult your tax preparer if this is applicable to your situation).

If you are making a smaller down payment, less than 20%, choosing a short-term mortgage, and planning to move within the next 10 years, lender paid mortgage may be your optimum choice.

Cost is included in the interest rate, resulting in a lower monthly payment compared with other options.

Call us now if this fits your needs. We will be happy to quickly check if you qualify: 310-318-8999.