What Is Private Mortgage Insurance? | #CityFirstMortgage

January 8, 2025
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Private mortgage insurance (PMI) allows borrowers to make smaller down payments on conventional mortgages.PMI protects the lender if the borrower defaults but does not prevent foreclosure or credit damage.

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City 1st Mortgage Services, LLC. (www.nmlsconsumeraccess.org) is an equal opportunity lender. Branch NMLS ID #1848823, 27413 Tourney Road Suite 160 Valencia, CA 91355 (888) 774-3856, is an FHA-approved lender, a California financial lending institution licensed by the California Department of Financial Protection & Innovation under the California Residential Mortgage Lending Act and is not the FHA, which is a government agency, nor working on behalf of the FHA.

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