Restricted markets
Definition
MGIC has designated a number of Core-Based Statistical Areas (CBSA) and certain states as either “Tier One Restricted Markets” or “Tier Two Restricted Markets.”
Loans secured by properties in these areas must follow MGIC Restricted Markets underwriting guidelines.
In determining whether to designate a market as “restricted,” MGIC uses external and internal information sources, including FHFA Home Price Indices, National Association of Realtors change in median home prices, Moody’s Economy.com home price projections and MGIC’s own proprietary business mix and performance data.
Market Search Tool
Enter your property's 5-digit ZIP Code to determine if MGIC's Restricted Market Guidelines apply.