Basic Rate MI Options

  1. Monthly Premium: United Guaranty’s monthly premium plan reduces the borrower’s closing costs. PostPay® — our zero-up-front monthly premium — allows lenders to postpone the initial MI payment until after the borrower’s first P&I payment is received.
  2. Annual Plan: The borrower pays the first-year premium at closing, and the lender holds smaller partial payments in escrow until the next annual payment date.
  3. Single Premium: This one-time premium may be added to the loan amount and financed over the term of the loan, effectively spreading the cost of mortgage insurance across the entire loan term.
  4. Split Premium: Available for both monthly and annual plans, these plans allow the borrower to finance an up front premium and then pay affordable MI renewal premiums.
  5. With Lender-Paid Mortgage Insurance, the cost of the mortgage insurance is included in the mortgage interest rate, and therefore may increase deductible interest. Most mortgage insurers offer lender-paid mortgage insurance, which cannot be canceled.