10% Down is the New 20% Down!
Phong Truong
The Financial Suit Team - NEXA Mortgage Phong Truong
Published on November 17, 2021

10% Down is the New 20% Down!

The MI Buster Program!

MI Buster eliminates the need for mortgage insurance on purchases for qualified borrowers with an LTV between 80.01 – 89.99%. This product allows more borrowers to avoid mortgage insurance with less money down (as little as 10.01%) and those savings can mean the ability to afford more homes and/or a lower monthly payment.

Verify your mortgage eligibility (May 17th, 2022)

MI Buster is a great option for borrowers looking to purchase a primary or second home of $200,000 or more, including first-time home buyers! Plus, with MI Buster High Balance, it’s also available on loans over conforming county loan limit amounts.

MI Buster Product Summary

  • Conventional 30-year fixed only, no Flex Term available
  • Available for primary and second home purchases
  • LTV between 80.01 and 89.99%  
  • Up to 45% DTI
  • 680+ FICO
  • Loan amounts starting at $200,000
  • MI Buster High Balance is also available for loan amounts over the county loan limits

Give your qualified borrowers the ability to afford more homes or have a lower monthly payment with the purchasing power of MI Buster!


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Show me today's rates (May 17th, 2022)
Phong Truong
The Financial Suit Team - NEXA Mortgage Phong Truong
Click to Call or Text:
(832) 403-3353