PMI for Community Loans - DuPage Credit Union
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DuPage Credit Union contracts with companies not affiliated with DuPage Credit Union to offer their products and services to members. When you purchase a product or service from one of these companies, that company is responsible for protecting your data and its processes and procedures may differ from those of DuPage Credit Union. These companies have sole financial responsibility for their products and services. The trademarks, logos and names of other companies, products and services are the property of their respective owners.

Will I have to pay Private Mortgage Insurance (PMI)?

 

Yes. PMI is required until you’ve paid 20% of your loan. Once you’ve reached 20% equity, you can contact us to remove the PMI or it will automatically be removed once you’ve paid 22% of your LTV (loan-to-value).

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271990198