Genworth offers a number of affordable and flexible MI products that help you stay competitive in the mortgage industry.
Borrower Paid MI (BPMI)
Monthly/Zero Monthly
A payment option featuring a coverage term of one month with premiums paid monthly. The premium rate shown is the annualized first year and renewal rate. To calculate the monthly premium, multiply the premium rate by the loan amount and divide by 12.
Zero monthly features monthly premium rates with no initial premium required at closing.
Single Premium
A one-time premium payment providing coverage that remains in effect until cancelled (in accordance with federal and state cancellation laws or investor requirements).
Level Annual
This payment option features a coverage term of twelve months, with premiums paid annually. This option features the same rate for both first year and at renewal. The first year premiums may be financed into the loan amount.
Split Premium
This premium combines lower monthly rates with an upfront premium due at closing.
