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logo
  • Home
  • Home Purchase
  • Refinance
  • Apply Now
  • Today's Rates
  • Resources
  • Loan Programs
  • Loan Process
  • Mortgage Basics
  • Mortgage Calculators
  • FAQ
  • Online Forms
  • About
  • About
  • Meet the Team
  • Contact
  • Blog
  • 713-529-3730
logo
  • Home
  • Home Purchase
  • Refinance
  • Apply Now
  • Today's Rates
  • Resources
    • Loan Programs
    • Loan Process
    • Mortgage Basics
    • Mortgage Calculators
    • FAQ
    • Online Forms
  • About
    • About
    • Meet the Team
  • Contact
  • Blog
  • APPLY NOW

Could Obtaining Private Mortgage Insurance (PMI) Help Me Qualify for a Larger Loan?

Yes, it will help you obtain a larger loan, here’s why. Let's say that you are a family with $42,000 Annual Gross Income and monthly revolving debts of $800 for car payment and credit cards, and you have $10,000 for your down payment and closing costs on a 7%-interest mortgage. Without PMI the maximum price you can afford is $44,600, but with PMI covering the lender's risk you now can buy a $62,300 house. PMI has afforded you 39% more house.

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About Us

We've been helping customers afford the home of their dreams for many years and we love what we do.

Company NMLS: 343828
www.nmlsconsumeraccess.org

Contact Us

3730 Kirby Dr.
Ste 1200
Houston, Texas 77098
Phone: 713.529.3730
edelavega@alending.com

Admininstrative Office
1806 Kipling St. 
Houston, Texas 77098

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Absolute Lending Group, LLC Accessibility Statement

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