Overview
- An insurance policy which compensates lenders or investors for losses due to the default of a mortgage loan.
You need Mortgage Insurance if:
- Your down payment is less than 20 percent
- You have a FHA loans, which by design, always require Mortgage Insurance


Lenderment NMLS# 1878504. An Illinois Residential Licensee. All loans are subject to Underwriting approval. *Certain restrictions apply. *Call for details. For licensing verification please visit nmlsconsumeraccess.org