A Closer Look at MI and FHA

Genworth Mortgage Insurance is committed to helping more people achieve homeownership by educating lenders, realtors and borrowers like you about the safety, affordability and additional features and benefits of private mortgage insurance in today's mortgage market.

Safety

We maintain high underwriting standards to help you responsibly buy a house and keep it your home. This has enabled us to expand our underwriting guidelines, lift restrictions in previously troubled markets and once again insure products such as Condominiums, Manufactured Housing and Second Homes. The FHA, on the other hand, has recently tightened its guidelines with more stringent down payment & FICO requirements.

Affordability

With FHA pricing poised to increase as early as September 2010, you can rely on consistent, competitive pricing with private mortgage insurance. It's more affordable for borrowers putting down 10% or more, and can often match FHA pricing for those putting just 5% down. Take a look at the examples below:

Features and Benefits... only from Genworth

Job Loss Protection - A benefit that can help you make your mortgage payments after involuntarily job loss.

Homebuyer Privileges® - Discounts of up to $3,000 in savings from National Retailers on things you need for your home.

Homeowner Assistance - Assistance to help you keep your home if you experience a financial hardship. (Genworth helped nearly 20,000 people keep their homes in 2009.)

Counseling Saver - Pre-purchase education that provides a discount on your mortgage insurance premiums.

If you're ready to buy a house and protect it as your home for the long-term, a loan with private mortgage insurance might be right for you. Ask your lender to show you the option.