Single Premium
Upfront Payment or Financed into the Loan
With single premium, the borrower can pay their mortgage insurance premium with a single payment at closing. An option called single financed premium means the mortgage insurance premium is financed as a portion of the loan amount.
- No mortgage insurance payment is due at closing with single financed premium
- A low monthly payment
- Possibility of qualifying for a larger loan, thanks to the lower payment
View Single Premium rates and guidelines.
How does Single Premium compare to other types of MI?
View the comparison chart or calculate Single Premium vs. other payment options.
More questions? Contact our MI professionals.
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