• Put less money down.

  Saving a 20% down payment can take a long time. With MI, you can qualify for a mortgage with less money up front.

• Buy your home sooner.

  By putting less money down on your home, you're able to have the down payment you need much sooner.

• Keep more of your cash.

  Many homebuyers who could put 20% down prefer to use their money in other ways. MI helps them do that.

• Get more house for your money.

  If you don't have to put 20% down, the cash you have could go toward a more expensive home.

• In many cases, get a more financially sound solution than piggyback loans.

  There are various payment options for mortgage insurance which could result in lower monthly payments than 80-10-10s or other piggyback loans. And with MI, you only have one monthly loan payment. Plus, the mortgage insurance can be canceled when you achieve 80% equity in your home.

How Much Sooner Can You Buy A Home With Mortgage Insurance?

Use our helpful calculator to find out!