If a borrower makes a 20% down payment on a conventional mortgage they will be required to obtain

Name: If a borrower makes a 20% down payment on a conventional mortgage they will be required to obtain
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A borrower making a 20% down payment on a conventional mortgage typically does not need to obtain private mortgage insurance (PMI), which is usually required for down payments less than 20%. Therefore, none of the options listed are required.

If a Borrower Makes a 20% Down Payment on a Conventional