Underwriting Guides
Special Markets Guides

MGIC continually monitors and evaluates major markets' unemployment rates, new job formation, levels of housing supply and demand, and other relevant risk factors affecting their economies.

• Special Market Underwriting Guidelines are created in response to market conditions and may expand or limit national guidelines. For properties located in such markets, SMUGs supersede standard guidelines.
• MGIC's Ineligible Projects List identifies attached housing projects not currently eligible for mortgage insurance through MGIC. This list is published twice a year, but is subject to change on an ongoing basis.
• Soft & Weak Markets designation is placed on certain geographic locations, based on unemployment rates, new job formations, housing supply and demand and other relevant risk factors.

Consult your local MGIC Underwriting Service Center for details about SMUGS and individual project eligibility.