Enact MI Rate Cards and Risk-Based Pricing

Have confidence in your options. Whether your company leverages our risk-based pricing or rate card pricing, you can easily access your company’s preferred rate option by quoting us through Rate Express or most LOS and PPE platforms (see our connections here). 

On this page, you can also learn more about our premium plans and access refund schedules.

Risk-Based Pricing

With Enact’s risk-based pricing, get tailored MI rates based on each loan’s characteristics.

Customers who leverage our risk-based pricing can quote us through one of our many integrations with LOS and PPE systems, Optimal Blue®, or Rate Express. Entering your Org ID into Rate Express or Optimal Blue will ensure you're accessing your company's preferred option. 

Enact MI Rate Cards

If your company chooses rate card pricing, you can still quote us through your company’s LOS or PPE integration, Optimal Blue, or Rate Express. You can also download our most popular rate cards below. If you do not see a premium plan you need, please contact the ActionCenter or your Enact Sales Rep.

NOTE: We have updated our rates system and published rate cards in alignment with Fannie Mae's recently announced update to the credit score used by Desktop Underwriter® (DU®) in the eligibility assessment for loans submitted to DU on or after September 18, 2021. Pricing will continue to be determined using the representative credit score.

Premium Plans

Whether your company chooses risk-based pricing or rate card pricing, Enact offers several flexible MI premium structures to help you stay competitive.

    Borrower-Paid Monthly/Zero Monthly (Deferred)

    Provides a coverage term of one month with premiums paid monthly. The premium rate shown is the annualized first year and renewal rate (divide by 12 to get the monthly amount).

    Zero monthly (deferred) features monthly premium rates with no initial premium required to activate coverage.

    Best suited for interest rate sensitive borrowers and/or in markets with high appreciation.

    Borrower-Paid Single Premium

    A one-time premium payment providing coverage that remains in effect until cancelled (in accordance with federal and state cancellation laws or investor requirements).

    Best suited for use of available funds at closing; financed premium into the loan amount (offers lowest monthly payment); high credit score borrower, and/or lower LTVs.

    Borrower-Paid Level Annual 

    Provides coverage term of twelve months, with premiums paid annually. This option features the same rate for both first year and at renewal. First year's premiums may be financed into the loan amount. 

    Borrower-Paid Split Premium 

    This premium combines lower monthly rates with an upfront premium due at closing. 

    Best suited for use of available funds at closing; financing upfront premium into the loan amount; reduces DTI; lower monthly payments; and/or multiple upfront options that provide greatest flexibility. 

    Lender-Paid Mortgage Insurance 

    Allows the lender to pay the mortgage insurance premium instead of the borrower and can be a great choice for borrowers interested in a borrower-paid alternative. 

    Best suited for high credit score borrowers, and/or borrowers not sensitive to interest rates.  

Refund Schedules and Other Resources 

LTV/Term Based Pro Rata
Refund Schedule

Single Premium Refund
Schedule F

Single Premium Refund
Schedule E

Rate Notes: National

National rates are subject to rate notes. 

Effective Date 8-5-2019

Rate Notes: Credit Unions

Credit union rates are subject to rate notes

Effective Date 8-5-2019