Underwriting Guide, summaries and more
MGIC Underwriting Guide
Our Underwriting Guide (UWG) provides the policy, procedures and guidelines we use to evaluate loans for mortgage insurance. On a case-by-case basis, we will consider insuring loans that don’t meet requirements stated in our Guide. We’ve organized our Guide as follows:- Section 1 – Doing Business with MGIC provides information about working with us
- Section 2 – MGIC Go! Loans focuses on loans with a valid DU Approve or Loan Product Advisor Accept response
- Section 3 – Standard Loans covers loans that are not processed through an Agency AUS or that do not qualify for MGIC Go!
Underwriting Summaries
The following summaries highlight our most common loan programs. They do not replace our Underwriting Guide, which contains definitions and full details.Housing Finance Agencies (HFAs) (4/11/2024)
Community Lending Summary (4/11/2024)
Guam, includes Go! (4/11/2024)
Additional resources
Construction-permanent loans – This piece explains your options for handling construction-permanent financing. Refer to our Guide for full details.
Rescission Relief Guide – See details and requirements of our Gold Cert coverage, including early rescission relief options.
FHFA conforming loan limits – The Federal Housing Finance Agency restricts Fannie Mae and Freddie Mac to purchasing single-family mortgages with origination balances below a specific amount, known as the “conforming loan limit.” This FHFA web page provides those limits by county.
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MGIC Rescission Relief Guide
The information you need to service your MI-insured loans, including guidelines, requirements, and submission options.
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Underwriting and rate changes
Bulletins and news announcements pertaining to underwriting requirements and rate changes.
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