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Home  /  Learn About Mortgage Insurance  / 

Compare Mortgage Insurance

  • What Is Mortgage Insurance?
  • Why Mortgage Insurance?
  • Compare Mortgage Insurance
  • Glossary

If the down payment on your home is less than 20% of the price of your home, your lender may suggest a few financing alternatives. Conventional loans with private mortgage insurance and FHA loans both allow for low down payments. However, a loan with mortgage insurance provides significant benefits for borrowers that an FHA loan may not provide. Compare your options using the chart below:

Feature Genworth MI FHA Loan
Low down payment    
Lowest monthly payment    
MI cancellation on appraised value    
Simple paperwork    
Easier to qualify with credit scores down to 620    
Homeowner Assistance Program: Help for homeowners with financial difficulties.    
Homebuyer Privileges: Savings on the things you need for your home    
Go to /content/dam/Americas/US/PDFs/Consumer/Product/mortgage-insurance/GENERAL MARKETING- Cancellation Flier.pdf

MI Cancellation

PrivateMI Cancellation Kit

Understanding disclosure and cancellation procedures.

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