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What is the minimum down payment needed to avoid mortgage insurance?

Thats a simple question to answer. The minimum down payment required to avoid needing mortgage insurance is 25% of the purchase price. Thus, if buying a house for $300 000, you would require a $75 000 down payment in order to have an uninsured mortgage.

2007-03-28T13:40:13-07:00March 28th, 2007|Mortgages|

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