Borrower-Paid Mortgage
Insurance (BPMI)
PMI offers some of the most competitive rates in the industry for higher credit-score borrowers.
Monthly Premium/pmiNU MonthlySM
PMI’s Monthly rate plans with no upfront premium are the best conventional MI rates around for your 700+/90% LTV borrowers:
- Pay-as-you-go mortgage insurance
- MI payment due monthly
- MI premium may be tax-deductible** based on borrower’s eligibility
- If loan is reported delinquent, no MI payments are collected during default period
Monthly Premium and pmiNU Monthly Rate Sheet
Compare rates for PMI payment plans at RateQuote2.0
PMI’s Super Single rate plan beats out FHA at all coverage levels for 700+ FICO/90% LTV borrowers – with no renewal premium.
- Flexible financing: one-time premium can be paid upfront or financed
- Coverage remains in force until cancelled or terminated
- Seller contribution of up to 6%* can be used to cover total MI premium due
- MI premium may be tax-deductible** based on borrower’s eligibility
Compare rates for PMI payment plans at RateQuote2.0
*PMI allows up to 6% on LTVs 90% or less and up to 3% in distressed markets for high-balance loans and LTVs greater than 90%
**Based on transactions closed in 2010 and borrower-paid MI premiums allocable to those years. PMI cannot provide tax advice. Taxpayers should consult their own tax advisors.
PMI Mortgage Insurance Co. and its affiliates.
