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wditton

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Does Prior Forclosure still require Mortgage Insurance for new traditional loan(20%)
I have a prior foreclosure that has since been contested and removed from my credit. According to my financial advisor my waiting period for another mortgage will be up in August however regardless of putting down a 20% payment I will automatically have to incur Mortgage Insurance. Is there anyway to get around this?

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Also this is in the state of IL and my credit is 800 with a DTI ratio of 15%

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