Private Mortgage Insurance (PMI) may be required on a new Conventional Mortgage loan if there is not currently 20% equity in the home. It is a policy that protects lenders against some or most of the losses that result from defaults on home mortgages.
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Arvest Bank – Mortgage Division
801 John Barrow, Little Rock, AR 72205
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FOR NEW YORK RESIDENTS – Arvest Bank is not registered with the Superintendent of the New York Department of Financial Services. You may file Complaint Notices directly to Arvest Mortgage at the contact information above. You may file complaints and/or obtain further information from the New York Department of Financial Services by calling the Department's Consumer Assistance Unit at (800) 342-3736 or by visiting the Department's website at www.dfs.ny.gov.