97% LTV Expansion

Homeownership for All – 97% LTVs


3% Down is All That’s Needed

National MI has always supported the market for first-time homebuyers. National MI offers competitive options for standard coverage for 97% LTVs (Standard 97s with the 3% down payment option) by helping borrowers to realize homeownership — quickly and more affordably.

With a little money saved, good credit and income, homeownership is in sight. Our programs for low down payment homebuyers present a very viable alternative to FHA.

With National MI, a borrower can expect:

  • Only 3% down, less cash to close
  • 100% gift funds allowed
  • MI cancellation allowed
  • No income or census tract restrictions
  • Only one borrower must be first-time homebuyer

All of these considerations are important to helping the current generation of homebuyers get into their first home.

Click here for more details on GSE Affordable Programs

Please refer to National MI TrueGuide for complete guidelines.