Premium Plans and Products

The lack of funds for a down payment is the greatest barrier to homeownership for many Members. CMG MI has developed premium plans and mortgage insurance products that can help Members to purchase homes with a smaller down payment, as well as refinance an existing mortgage.

CMG MI is strongly committed to supporting sustainable, long-term homeownership through its mortgage insurance products.

CMG Single Premium Plan

Premium may be financed into the loan amount at closing. Interest on entire loan balance may be tax deductible*. Excellent alternative to "Piggyback" (or 80-10-10) product.

Monthly Plan

Members pay a monthly premium, rather than the higher up-front cost of an annual plan. The first payment is due at closing.

EZ Monthly Plan

Premiums paid on a monthly basis. Requires no payment at closing; members make their first monthly premium payment when their first mortgage payment is due.

Level Annual Plan

Members pay initial premium up-front and renewal premium annually. Initial and renewal premium rates are equal.

GO MI for Portable Mortgages

Reach out to young marrieds, military personnel, relocating professionals and others who want to take their rate with them. GO MI insures portable mortgages so you can make your Member’s move easier.

*Members are advised to consult their tax advisors.

For more information, contact your CMG MI Account Executive, or call CMG Mortgage Insurance Company at (800) 909-4264.