Online and Mobile Banking Update: September 24.
As part of our commitment to delivering the best online and mobile banking experience for our customers, we’re here to help you prepare. Learn more about service interruptions, how to prepare and helpful next steps for personal and business banking.

Private Mortgage Insurance (PMI)

Definition

Insurance offered by a PMI company to protect lenders against loss if a borrower defaults. Most lenders generally require PMI for a loan with a loan-to-value percentage more than 80%, and the borrower pays the premium.