Mother and son reading and talking on a sofa

The 4 Cs

By carefully reviewing borrowers’ Credit, Capacity, Capital and Collateral (the Four Cs), we can piece together a comprehensive picture of risk. The presence of a high-risk factor in any one of these categories doesn’t necessarily threaten successful homeownership. But when a number of interrelated, high-risk characteristics are present without sufficient offsets or compensating factors, their cumulative effect dramatically increases the likelihood of default. The perspective we gain from evaluating the Four Cs gives us insight to loan quality. Underwriting for quality is an acquired art — not a cut-and-dried science. While there are general principles that apply, every loan file represents a unique situation.

Underwriting guides

Look to our Underwriting Guide and summaries for our most current guidelines, which outline loan, borrower and property eligibility for mortgage insurance coverage.

Underwriting programs

MGIC Go!

Streamlined underwriting – for Agency Approve/Accept loans up to 97% LTV

Self-Employed Borrower Cash Flow Analysis

Our editable, auto-calculating cash flow worksheets are ready to download

Housing Finance Agencies (HFAs)

We work closely with state and local Housing Finance Agencies (HFAs) and support these mission-driven mortgage investors with marketing, training, homebuyer education and certification programs and more

Portfolio Lending

Use MGIC MI to meet your community's diverse mortgage financing needs while reducing your exposure to credit risk, optimizing your capital utilization and reducing loan loss reserves

Refi-to-Mod (RTM) loans

Originate a new loan through refinancing while we processes it as a modification, keeping existing mortgage insurance coverage intact

HomeReady®

An ideal option for low- to moderate-income families with minimal savings to apply toward the purchase of their first home

Home Possible®

An ideal loan option for qualifying families with minimal savings to apply toward the purchase of their first home

More resources

You might also like

  • mgic text card green with navy bottom right

    Order MGIC mortgage insurance

    Use the Loan Center to order mortgage insurance quickly and easily.

    Log in or sign up

  • mgic text card teal with green

    MGIC Underwriting Guide

    The policies, procedures and guidelines we use to evaluate loans for mortgage insurance.

    View our Underwriting Guide and Summaries

  • mgic text card navy with green bar on right

    Contact your MGIC Account Representative

    We'd love to hear from you!

    Find your rep

X
Cookies help us improve your website experience. By using our website, you agree to our use of cookies. Privacy Warning
Confirm