No matter which mortgage insurance product you choose, the result is the same—with
mortgage insurance from Genworth, homeownership is sooner, safer, and smarter.
Mortgage Insurance from Genworth provides a win-win solution for everyone. While
it protects investors from potential loss, it also provides important benefits for
borrowers and lenders.
We offer flexible options for Borrower Paid MI, enabling homebuyers to put little
money down on a home... with the simplicity of one loan.
- Monthly Premium MI/Zero Monthly Premium MI
- Single Premium MI
- Level Annual Premium MI
- Split Premium MI
With Lender Paid MI, the lender pays the mortgage insurance premium instead of the
borrower. It can be a great choice for borrowers interested in an alternative to
traditional borrower paid MI.
Low-to-moderate income borrowers often look for the lowest monthly payment on their
mortgage loan. At the same time, you may be trying to grow your share of the market—and
potentially gain CRA credits. We insure many
investor affordable housing programs
that help borrowers buy a home sooner.
Pledged Asset Mortgages
In today's tough market conditions, Pledged Asset Mortgages can provide an attractive
down payment option for lenders and borrowers alike. We insure mortgages with pledged
asset savings in the form of stocks, CDs or cash in lieu of a traditional down payment,
The lender determines the forms of acceptable assets and holds the pledged assets
in their own account.
Construction to Permanent Loan Program
Our Construction to Permanent Loan Program supports borrowers when they build their
new home. It offers financing up to 95% LTV and a commitment period of up to 12
months in order to lock in current MI rates and guidelines. Insurance is in force
once construction is completed within the 12 month commitment period, as long as
the property value is recertified.
Mortgage Insurance discussed in this website is underwritten by either Genworth
Mortgage Insurance Corporation, Genworth Residential Mortgage Insurance Corporation
of North Carolina or Genworth Residential Mortgage Assurance Corporation.