Conventional mortgages are all home loans not guaranteed by the government, including those guaranteed by private mortgage insurers. (hzcu-mortgage.org)
Private mortgage insurers put their own capital ahead of taxpayers to back mortgages that help homebuyers qualify for mortgage financing despite a low down payment or imperfect credit. (usmi.org)
Private mortgage insurers help borrowers qualify with as little as 3 percent down. (usmi.org)