Compare for yourself
Use MGIC's Mortgage Options Calculator to compare SingleFile to piggybacks, FHA, or other MI loan options.
SingleFile - what's it all about?
SingleFile is MGIC's lender-paid mortgage insurance (LPMI) program. LPMI features discounted rates.
Depending on the investor, this single premium maybe recouped by building it into the loan interest rate or as an origination fee.
Available on:
- Full Doc
- Credit Scores 620 and above (680 in restricted markets)
- Up to 97% LTV (95% LTV in restricted markets)
Borrower Benefits
Simplicity!
- Lower closing costs
- Lower monthly payment
- Maximum tax deductibility, when does as interest rate add-on
- When structured with an origination fee, remember a seller or builder may pay all or part of lender's fee or points at closing
- No borrower-paid MI
- Find out more
Originator Benefits
Simplicity!
- Structure High-LTV loans
- Broaden options you provide to borrowers, offering "no monthly mi" option
- Find your MGIC MI representative