Mortgage insurance is another tool to add to your toolkit to help establish an affordable path to homeownership for more borrowers.
Lower Costs
- Borrowers can put as little as 3% down
- Competitive rates
- Flexible terms and payment options
Faster Closing
- Requires less paperwork than FHA loans
- Fewer steps mean more efficient processing time
- Borrowers can move in faster
Easy Cancellation
- Private MI is temporary compared to government-insured loans
- Borrowers may cancel after building enough equity
