Rate Finder - Plus

NOTE: Rate Finder - Plus uses the attributes submitted to evaluate eligibility under MGIC's current underwriting guidelines and to provide a rate quote. Loans not eligible for an electronic approval may be insurable with additional information. You may contact our Customer Service Team with the reference number provided for more information on your submission.

Guidelines are subject to change and may be different when an actual MI application is submitted. Submission of an MI application requires that the insured provides accurate data, documented as specified in MGIC's Underwriting Guide.

Select Option:
Find Rate and Check Eligibility	Check Eligibility	Find Rate

LOAN INFORMATION

Retail Origination:

Yes No	(Definition)
Retail Origination selection is required.

Loan Amount:

	(without financed premium)
	Loan Amount is required.

Interest Rate:

	%

Loan Amortization Term:

	months
	Loan Amortization Term is required and must be greater than 0 but less than or equal to 600.

Balloon Loan:

No Yes

Balloon Term:

	months
	Balloon Term is required.

Buydown Type:

Loan Type:


	Loan Type is required.

Loan Instrument:


	Loan Instrument is required.

Repayment Type:


	Repayment Type is required.

Interest Only Term:

	months
	Interest Only Term is required if Repayment Type is "Interest Only".

ARM Program Desc:


	ARM Program description is required.

ARM Index:


	ARM Index is required.

ARM Index Rate:

	%

ARM Margin:

	%

Initial Adjustment Period:

	(months)
	ARM Initial Adjustment Period is required.

Periodic Adjustment Period:

	(months)
	ARM Periodic Adjustment Period is required.

Initial Adjustment Cap:

	%

Periodic Adjustment Cap:

	%

Lifetime Adjustment Cap:

	%

Loan Purpose:


	Loan Purpose is required.

Purpose of Refinance:


	Refinance Purpose is required if Loan Purpose is "Refinance".

Total Closing Costs & Prepaids:

	(Definition)
	Total Closing Costs & Prepaids is required.

PITI:

	(Definition)
	PITI is required.

Secondary Financing Amount:


	Secondary Financing Amount is required.

Seller Paid Closing Costs:


	Seller Paid Closing Costs are required if Loan Purpose is "Purchase" or "Construction".

Debts to be Paid Off:

	(Definition)
	Amount of Debts to be Paid Off is required and must be greater than $0 if Loan Purpose is "Refinance".

Total Liquid Assets:

	(Definition)
	Borrower's Total Liquid Assets are required.

All Other Monthly Payments:


	Borrower's All Other Monthly Payments is required.

AUS:

	DU LP Not Applicable
	AUS is required.

DU Recommendation:


	DU Recomendation is required if AUS is "DU".

LP Determination:


	LP Determination is required if AUS is "LP".

PROPERTY INFORMATION

Property State:

USPS ZIP Code Lookup

Property ZIP Code:

	County:
	Property ZIP Code is required.

Number of Units:


	Number of Units is required.

Occupancy Type:


	Occupancy Type is required.

Sales Price:


	Sales Price is required.

Appraised Value:


	Appraised Value is required.

Market Values:


	Market Values is required. If you don't have an appraisal, select "Not Available".

Subject Property Type:


	Subject Property Type is required.

Appraisal Made:


	Appraisal Made is required.

BORROWER INFORMATION

Monthly Income:


	Monthly Income for this borrower is required.

Representative FICO Score:

	(Definition. Not used in all states)
	Borrower's FICO Score is required.

Borrower to Occupy:

	No Yes
	Indicate borrower's intent to occupy subject property.

Ownership of Property Last 3 Years:

	No Yes Unknown
	Indicate whether borrower has owned property in the past 3 years.

CO-BORROWER 1 INFORMATION

Monthly Income:


	Monthly Income for this co-borrower is required.

Representative FICO Score:

	(Definition. Not used in all states)
	Co-Borrower's FICO Score is required.

Borrower to Occupy:

	No Yes
	Indicate co-borrower's intent to occupy subject property.

Ownership of Property Last 3 Years:

	No Yes Unknown
	Indicate whether co-borrower has owned property in the past 3 years.

CO-BORROWER 2 INFORMATION

Monthly Income:


	Monthly Income for this co-borrower is required.

Representative FICO Score:

	(Definition. Not used in all states)
	Co-Borrower's FICO Score is required.

Borrower to Occupy:

	No Yes
	Indicate co-borrower's intent to occupy subject property.

Ownership of Property Last 3 Years:

	No Yes Unknown
	Indicate whether co-borrower has owned property in the past 3 years.

CO-BORROWER 3 INFORMATION

Monthly Income:


	Monthly Income for this co-borrower is required.

Representative FICO Score:

	(Definition. Not used in all states)
	Co-Borrower's FICO Score is required.

Borrower to Occupy:

	No Yes
	Indicate co-borrower's intent to occupy subject property.

Ownership of Property Last 3 Years:

	No Yes Unknown
	Indicate whether co-borrower has owned property in the past 3 years.

CO-BORROWER 4 INFORMATION

Monthly Income:


	Monthly Income for this co-borrower is required.

Representative FICO Score:

	(Definition. Not used in all states)
	Co-Borrower's FICO Score is required.

Borrower to Occupy:

	No Yes
	Indicate co-borrower's intent to occupy subject property.

Ownership of Property Last 3 Years:

	No Yes Unknown
	Indicate whether co-borrower has owned property in the past 3 years.

CO-BORROWER 5 INFORMATION

Monthly Income:


	Monthly Income for this co-borrower is required.

Representative FICO Score:

	(Definition. Not used in all states)
	Co-Borrower's FICO Score is required.

Borrower to Occupy:

	No Yes
	Indicate co-borrower's intent to occupy subject property.

Ownership of Property Last 3 Years:

	No Yes Unknown
	Indicate whether co-borrower has owned property in the past 3 years.

MI INFORMATION

MGIC Program:

(Definition)

Premium Type:

	(Definition)
	You have not provided sufficient data to determine available Premium Type choices.

Lender State:


	Lender State is required if Premium Type is LPMI.

Upfront Premium:

Upfront Premium Is Financed

Coverage:

%	Click here for Standard Agency Coverage Requirements

Renewals:

	(Definition)
	Renewals is required.

Relocation Loan:

Click here for MGIC's Underwriting Guidelines Summary