How can I avoid paying PMI (Private Mortgage Insurance) on my new home?

To avoid paying PMI on your new CB JENI home, you generally need to make a down payment of at least 20% of the home’s purchase price. PMI is typically required for conventional loans when the down payment is less than 20%. If you’re unable to make a 20% down payment, you may want to explore other financing options, such as VA loans (for eligible buyers), or check with CB JENI’s recommended lenders for potential solutions to minimize or eliminate PMI.