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Results provide sample pricing on credit enhancement only, and are not a guaranty of CMG MI or FHA eligibility or coverage. Scenarios are intended for estimation purposes only and should not be relied on for actual rate quotes, Good Faith Estimates, or other borrower disclosures. For information on CMG MI’s eligibility requirements, Distressed Markets criteria, and exact premium rates, please see these links:
Guidelines
Rates
Premium rates presented assume owner-occupied, purchase transactions, 30-year, fully amortizing 6% fixed rate, and conforming loan balances. Coverage for scenarios defaults to Fannie Mae/Freddie Mac standard requirements for 26-40 year fixed and non-fixed mortgages. Please see CMG MI Rates.
CMG MI and FHA scenarios assume up-front MI is not financed. Renewal premiums are based on amortizing balances over 5-year period. CMG MI Single Premium comparison is based on Non-Refundable Plan. If coverage is cancelled or terminated under the federal Homeowners Protection Act, refunds will be processed in accordance with the Act, subject to state restrictions. For all other cancellations or terminations under the Non-Refundable Plan, there is no refund. CMG MI also offers a Single Premium Refundable Plan. Applicable rate adjustments apply. Please see CMG MI Rates. |