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How Does Private Mortgage Insurance (PMI) Work?

PMI companies write insurance policies to protect approximately the top 20% of the mortgage against default. This depends on the lender's and investor's requirements, the loan-to-value ratio, and the type of loan program involved. Should a default occur the lender will sell the property to liquidate the debt, and is reimbursed by the PMI company for any remaining amount up to the policy value.


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*All rates are subject to approval with 80% loan to value, 740 fico and Fannie Mae, Freddie Mac and FHA loan limits apply.

Omni Fund, Inc. - 26395 Jefferson Avenue Suite E - Murrieta, CA 92562
Office Phone: (800) 446-9043