MI Requirements

Information about MI cancellation, tax-deductibility and more.

MI Cancellation

Unlike FHA loans, private mortgage insurance can be cancelled.

Borrower-paid MI is cancelable once a member has built enough equity.

Credit Union FAQ

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For Members

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MI Coverage Requirements

Standard first-mortgage MI coverage for loans sold to the GSEs.

Tax Deductible MI

Lower Borrowers’ Costs with Tax-Deductible MI.