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• Private Mortgage Insurance; privately-owned companies that offer standard and special affordable mortgage insurance programs for qualified borrowers with down payments of less than 20% of a purchase price.

  US Department of Housing and Urban Development - Cite This Source - This Definition
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  Cite Definition for PMI

  American Psychological Association (APA)

  PMI. (n.d.). Homes & Communities Glossary. Retrieved March 20, 2023, from website: http://www.expertglossary.com/definition/pmi.

  Chicago Manual of Style (CMS)

  PMI. www.hud.gov. Homes & Communities Glossary. US Department of Housing and Urban Development. http://www.expertglossary.com/definition/pmi (accessed: March 20, 2023).

  Modern Language Association (MLA)

  "PMI." Homes & Communities Glossary. US Department of Housing and Urban Development. 20 March. 2023 http://www.expertglossary.com/definition/pmi.

• Browse Related Terms: 203(b), Federal Housing Administration (FHA), FHA, Insured mortgage, Mortgage Insurance, Mortgage Insurance (MI), Mortgage insurance company, Mortgage Insurance Premium (MIP), PMI, Private mortgage insurance, Private Mortgage Insurance (PMI)

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