Does PMI cover investment properties?

I've read multiple things online, wondering if PMI covers investment properties? Or do I need to put at least 20% down?
  • April 03 2012 - Fort Worth
  • 0Yes

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Answers (2)

I am not aware of any PMI companies insuring loans for investment properties.  20% down would be required on investment properties normally.  If you are purchasing a homepath which qualifies for a homepath mortgage, you can purchase at up to 90% with no pmi though.
  • April 06 2012
  • 0Yes

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It is unlikely that less than 20% down payment would be possible on an investment property purchase, which would negate PMI requirement though.
  • April 03 2012
  • 0Yes

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