Borrower-Paid Mortgage Insurance (BPMI)
Choice of plans & thousands in savings on LTVs up to 97%!1
Monthly Premium/pmiNU MonthlySM
Our most popular premium plan requires no upfront premium.
A good fit when the borrower:
- Plans to own the home less than 5 years
- Does not want to pay an upfront premium (may be short on cash to close)
Benefits for you and your borrowers::
- Monthly rates are among the lowest available for 720+ credit score borrowers on LTVs up to 95%.
- Our minimum credit score is 660 on LTVs up to 95% for 1-unit properties2
- Flexibility: pay-as-you-go
- MI premium may be tax-deductible based on borrower eligibility3
Thousands in savings over FHA
Based on 95% LTV (PMI)/96.5% LTV (FHA) and $225,000 loan amount4
Run your own loan scenarios on our PMI/FHA Calculator to see the savings!
Product
- Monthly Premium / pmiNU Monthly [view rates]
1 97% LTV — minimum 720 credit score, non-distressed markets only, owner-occupied. See PMI’s Underwriting Guidelines for complete details.
2Minimum credit scores are 660 for LTVs up to 95% and 720 for 97% LTV. In distressed markets, minimum credit scores are 680 for LTVs up to 90% and 720 for 95% LTVs.
3For eligible borrowers who are married, single or head-of-household. Based on borrower-paid premiums allocable to mortgage insurance certificates issued in 2007 – 2011.
4 Based on 720 credit score, $225,000 purchase price, 95% LTV for PMI and 96.5% LTV for FHA (FHA’s upfront premium is financed), 4.75% fixed-rate, 30-year loan, 30% coverage.
