MGIC MI Solutions
SingleFile (Lender-Paid MI)
MGIC's Lender-Paid MI program, SingleFile, features no MI payment for your borrower.
The cost of the single premium is recouped by the lender building it into the loan interest rate or the origination fee. This provides your borrowers with additional tax deductibility because of the increased interest rate or origination fee.
The origination fee may also be able to be paid by a third party, such as a builder or a seller.
With SingleFile (LPMI) you can:
- Structure high-LTV loans
- Finance higher loan amounts
- Enhance your role as Trusted Advisor and differentiate yourself from your competition by broadening the options you provide borrowers
Which borrowers should consider SingleFile (LPMI) as an option?
- Borrowers purchasing a home in a buyer's market with motivated builders and sellers willing and able to pay origination fees
Check MGIC Eligibility Guideline Summary