
Rate Finder
Quick to complete, quote, compare and share, our Rate Finder provides comprehensive rate quotes with very little data.
Navigate to: BPMI Monthly | BPMI Singles | BPMI Splits | LPMI Singles | LPMI Monthly
Choose borrower-paid mortgage insurance (BPMI) rates based on property location.
National* – except AK, GU, NY, PR & WA
*View state-by-state activation dates
Coverage | We provide coverage through the mortgage insurance cancellation date. |
Premium Due at Closing | Borrowers pay $0 at closing. |
Payment Terms |
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Cancellable? |
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Refundable? |
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National*, non-refundable only ‐ except AK, GU, NY, PR & WA
National*, non-refundable only ‐ AK
Puerto Rico, non-refundable only
Washington, refundable & non-refundable
National, refundable only ‐ except PR & WA
Refundable Single premiums are not available in Puerto Rico
*View state-by-state activation dates
Coverage | Unless we cancelled coverage previously at the lender's request, we provide coverage until scheduled amortization reaches 78% of original value. Coverage continues for loans in default on that date until the loan is brought current. |
Premium Due at Closing |
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Cancellable? |
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Refundable? |
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National, all upfront options ‐ all states except GU, NY, PR, WA
Split premiums are not available in Guam and Puerto Rico
MGIC's Split Premiums give your borrowers the option of paying part of the MI premium up front in order to reduce the monthly MI premium paid along with their mortgage payment. Borrowers can choose the initial premium rate, which is a percentage of the loan amount.
Coverage | We provide coverage through the mortgage insurance cancellation date. |
Premium Due at Closing |
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Payment terms |
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Cancellable? |
Once we've cancelled the mortgage insurance policy, the borrower's monthly mortgage payment is reduced by the monthly premium amount. |
Refundable? |
Split premiums are non-refundable, unless coverage is cancelled or terminated under the HPA; then we base the refund on our HPA refund schedules. |
Choose lender-paid mortgage insurance (LPMI) rates based on lender location.
National – all states except GU & PR
Lender-paid premiums are not available in Puerto Rico
Lenders can recoup the cost of the single premium by 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. A third party, such as a builder or a seller, may also pay the origination fees.
Coverage | We provide coverage for the life of the loan. |
Premium Due at Closing |
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Refundable? | LPMI Singles are non-refundable. |
For LPMI Monthly premiums, except GU and PR, see the adjustments table on the Borrower-Paid Monthly Premium card.
Lender-paid premiums are not available in Puerto Rico
Coverage | We provide coverage for as long as the lender continues to pay the mortgage insurance premium. |
Premium Due at Closing |
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Refundable? | LPMI Monthlies are non-refundable. |
Quick to complete, quote, compare and share, our Rate Finder provides comprehensive rate quotes with very little data.
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