Benefits of Mortgage Insurance

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