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Our MGIC Go! streamlined mortgage insurance program is the fastest, simplest way to get MI with DU® or Loan Product Advisor®.
Unclutter the MI process for DU Approve/Eligible and Loan Product Advisor Accept/Eligible loans, as well as Approve or Accept loans that receive an Ineligible AUS delivery response due to LTV or loan type.
Process and underwrite eligible loans according to AUS Findings/Feedback requirements for:
Apply the following overlays. Otherwise, refer to the respective Agency selling guide for requirements the Findings or Feedback don't provide.
Separate requirements apply to properties in Guam and Puerto Rico and housing finance agency loans. See additional Go! underwriting summaries in the Library section of the column at right.
Fannie Mae's HomeReady and Freddie Mac's Home Possible and Home Possible Advantage® programs provide tremendous options for borrowers putting less money down. MGIC Go! streamlined mortgage insurance is the fastest way to get MI on these affordable lending products.
Learn more about HomeReady.
Learn more about Home Possible.
MGIC Go! will cover 3% down payment loans with credit scores down to 620. Buyers who finance a conventional 97% LTV mortgage with Go! will benefit from:
MGIC Go! allows 100% gifts toward the down payment. Follow Findings/Feedback when it comes to source of funds and the amount of borrower's own funds required.
1 Subject to MGIC Underwriter discretion
2 Use the lowest Borrower Indicator Score (Representative Credit Score) among all borrowers with an Agency-acceptable credit score to determine eligibility and premium rates. See our Underwriting Guide (UWG), section 2.03. If no borrower has an Agency-acceptable credit score:
3 All borrowers must have an Agency-acceptable credit score. Use the lowest Borrower Indicator Score (Representative Credit Score) among all borrowers to determine eligibility and premium rates. See UWG 2.03. Ineligible: If any borrower has no credit score, see UWG Section 3
4Qualify ARMs per UWG 3.04.02
5 Ineligible due to LTV or Loan type
MGIC Go!TM is an MGIC trademark. DU® and HomeReady® are registered trademarks of Fannie Mae. Home Possible® and Home Possible Advantage® are registered trademarks of Freddie Mac; Loan Product Advisor® is a registered service mark of Freddie Mac.
Use the Loan Center to order mortgage insurance quickly and easily
National MGIC Go! Underwriting Summary
Housing Finance Agency (HFA) Underwriting Summary
Guam MGIC Go! Underwriting Summary
Puerto Rico MGIC Go! Underwriting Summary (English)