Enabling options and lower rates
National MI has made it easier for you to find the right solutions for your members. We offer some of the best rates in the industry on Credit Union-Paid Monthly and Member-Paid Monthly premiums. To view suggested product premiums, simply locate the appropriate product that meets your member’s needs, then use our simple CU Rate Finder to see how much your members can save.
Credit Union Rates
National MI has introduced Rate GPSSM (Granular Pricing System), a new risk-based pricing system that uses risk intelligence to deliver very competitive rates for members based on individual loan characteristics. It’s a more granular way of pricing based on multiple factors related to a member’s situation and helps lenders gain more business from well-qualified homebuyers.
- Monthly Premium – Member Paid / Lender Paid (Fixed) – Effective 3.24.2018
- Monthly Premium – Member Paid / Lender Paid (Non-Fixed) – Effective 3.24.2018
- Single Premium – Member Paid / Non-Refundable (Fixed) – Effective 3.24.2018
- Single Premium – Member Paid / Non-Refundable (Non-Fixed) – Effective 3.24.2018
Advantages of National MI mortgage insurance vs. FHA
National MI can provide distinct advantages over FHA for your members. From monthly savings advantages vs. FHA across a host of loan to value (LTV) and credit score combinations, to the ability to insure loans with just 3% down, we provide a faster path to closing more loans. There is no need for FHA case numbers, no burdensome extra paperwork or package preparation, and private mortgage insurance from National MI is cancellable at least 6 years sooner than FHA.
