More than Traditional MI:

CMG MI Supports Rehab Loans, Manufactured Housing and Cash-Out Refinances

CMG MI understands that every community is different and that Credit Unions work with members in a variety of financial circumstances. That’s why we offer mortgage insurance coverage for special mortgage products – to help you qualify more members for homeownership and offer a helping hand to those who may be strapped for cash.

Rehab and Manufactured Housing – Affordable Alternatives for Many Members

If you have members looking for affordable options, Manufactured Housing and Rehab Loans might be practical ways to help them achieve the dream of homeownership. CMG MI offers expanded, competitive guidelines with the flexibility you need.

Manufactured Housing is one of the fastest-growing segments in the market today. New manufactured homes are attractive residences that equal more traditional housing in attractiveness and value – but their relatively low cost could make the mortgage loan more sustainable over the long term.

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Rehab Loans are fast becoming popular as homebuyers realize the value of homes that need renovation or improvements. CMG MI supports this niche with underwriting guidelines that cover a variety of remodeling needs and repairs.

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Cash-Out Refinances

Do you have members who want to consolidate their debts or face medical emergencies that demand ready cash? If their homes have retained or even increased their value, they may be perfect candidates for a Cash-Out Refinance, insured by CMG MI.

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Please note: CMG MI's Distressed Markets Policies may apply. Visit our Distressed Markets webpage for details. For more information on CMG MI's support for Rehab Loans, Manufactured Housing and Cash-Out Refinances, please visit www.cmgmi.com/guidelines or contact your CMG MI Account Executive.