Mortgage Insurance Coverage Options Matrix
Mortgage Insurance Coverage Options Matrix
This reference provides a summary of Freddie Mac's mortgage insurance coverage level options. For complete information, refer to Single-Family Seller/Servicer Guide (Guide) Chapter 4701: Mortgage Insurance and Late Charges.
Standard Mortgage Insurance (MI)
Custom Mortgage Insurance (MI) (Alternative to standard MI with a credit fee in price1)
Loan Product Advisor? Accept Risk Class
Ratios
>80% 85% >85% 90% >90% 95% >95% 97% Property Types
Transaction Types
Ineligible Mortgages
Loan-to-Value (LTV) and MI Coverage
Fixed Rate Term 20 Years
Fixed Rate Term > 20 Years, ARMs and
Manufactured Homes
6%
12%
12%
25%
25%
30%
35%
35%
? 1- to 4-unit Primary Residence ? 1- to 4-unit Investment Property ? 1-unit second home
? Purchase ? No cash-out refinance ? Cash-out refinance
N/A
Loan-to-Value (LTV) and MI Coverage
Fixed Rate Term 20 Years
Fixed Rate Term > 20 Years, ARMs and
Manufactured Homes
N/A
6%
N/A
12%
16%
16%
18%
18%
? 1- to 4-unit Primary Residence ? 1- to 4-unit Investment Property ? 1-unit second home
? Purchase ? No cash-out refinance ? Cash-out refinance
? Caution Mortgages
? Super Conforming
? Non-Loan Product
? Financed MI premiums
Advisor
? A-minus
? Loan Product Advisor ? The lender-paid MI
Mortgages not receiving
option may not be used
a Custom MI eligibility
in conjunction with
feedback message
Custom MI
Home Possible? Mortgages: LTV and MI Coverage
Home Possible Mortgages: LTV and MI Coverage
Ratios
>80% 85% >85% 90% >90% 95% >95% 97%
Fixed Rate Term 20 Years
6% 12% 25% 25%
Fixed Rate Term > 20 Years, ARMs2 and
Manufactured Homes2 12%
25%
25%
25%
Fixed Rate Term 20 Years
N/A N/A 16% 18%
Fixed Rate Term > 20 Years, ARMs2 and
Manufactured Homes2
6% 12% 16% 18%
For property types, transaction types and ineligible Home Possible Mortgages, refer to Guide Chapter 4501.
1 If choosing Custom MI, in addition to all other applicable credit fees in price, the credit fee in price in Exhibit 19 applies, including Home Possible
Mortgages. 2 Manufactured homes and ARM's are limited to a maximum 95% LTV.
This document is not a replacement or substitute for the information found in the Single-Family Seller/Servicer Guide and/or terms of your Master Agreement and/or other Pricing Identifier Terms. ? 2019 Freddie Mac
July 2019
Freddie Mac Learning
................
................
In order to avoid copyright disputes, this page is only a partial summary.
To fulfill the demand for quickly locating and searching documents.
It is intelligent file search solution for home and business.
Related download
- qualified mortgage qm points and fees worksheet
- information sheet mortgage loan recast
- single family fha single family servicing mortgage
- mortgage loan rate sheet
- gnma mortgage backed securities a treasury alternative
- loan rate sheet
- mortgage insurance coverage options matrix
- chapter 17 lecture mit opencourseware
- interest rate reduction refinancing loan worksheet
- understanding the mortgage documents freddie mac
Related searches
- ny life insurance coverage info
- cobra insurance coverage period
- instant life insurance coverage online
- recommended car insurance coverage amounts
- immediate life insurance coverage online
- insurance coverage letter sample
- insurance coverage letter
- health insurance coverage letter sample
- verification of insurance coverage letter
- denial of insurance coverage letter
- health insurance coverage letter
- employer health insurance coverage letter