Borrower-Paid Mortgage Insurance
The Time-Tested Approach, Improved by Radian
Borrower-paid mortgage insurance (BPMI) is used to help lenders offset the risk of a
low-down-payment mortgage. Borrowers are able to qualify for a loan with a smaller down payment. This means
they are able to purchase a home sooner.
Radian brings to BPMI the flexibility and service advantages to help our clients operate
more efficiently and, ultimately, to close more loans. Through our various BPMI plans, lenders can:
- Offer homebuyers a choice of monthly premiums or a single premium,
which can often be financed into the loan
- Serve borrowers with less than perfect credit with Radian's A Minus
BPMI product
- Serve qualified borrowers who prefer the convenience of limited documentation
How does BPMI compare to other types of MI or piggyback loans? View the
comparison chart or calculate BPMI vs. other payment options.
More questions? Contact our MI professionals.
View BPMI rates and guidelines.
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