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Since you won't have to put 20% down to avoid monthly PMI payments, you'll. After you close your loan, you can manage your mortgage online without any.
On conventional mortgage loans, pmi generally ranges from 0.3 to 1.5 percent of the original loan. No PMI with 3% down. Yes, it’s true! For many New Jersey First-Time Home Buyers, homeownership just became a bit easier – and more affordable – thanks to a special 3% down payment, No PMI home loan offered by American United Mortgage.