How do I avoid PMI?
Answered by Onias Derilus, Mortgage Capital · NMLS# 1859012 · Florida licensed mortgage broker
The classic way is putting 20% down on a conventional loan. You can also avoid monthly PMI with lender-paid PMI (a slightly higher rate), an 80-10-10 piggyback second mortgage, or a VA loan, which never charges it.
Each route trades off differently — a higher rate, a second payment, or eligibility requirements. We'll compare the true cost of each so you avoid PMI without overpaying elsewhere.
Ways to skip PMI
The classic way to avoid PMI is 20% down. Not the only way, though. A piggyback second loan can cover the gap. Some lenders offer lender-paid options too.
VA loans skip mortgage insurance entirely. If you qualify, that is a powerful edge.
Choosing the right route in Florida
Avoiding PMI is not always the best money move. Sometimes paying it and keeping cash is smarter. We run the trade-off with you.
Bring your down payment and goals. We will compare 20% down, a piggyback, and paying PMI so you pick wisely.