GSE Coverage Requirements

Depending on the loan, Fannie Mae and Freddie Mac require different levels of coverage for mortgage insurance (MI).  The table below highlights their standard coverage requirements, as well as coverage requirements for HomeReady® and Home Possible®.

 

LTV
Fixed-Rate with Term > 20 yrs or ARM Fixed-Rate with Term ≤ 20 yrs
HomeReady/Home Possible
Fixed-Rate with Term > 20 yrs or ARM Fixed-Rate with Term ≤ 20 yrs
95.01%-97% 35% 35% 25% 25%
90.01%-95% 30% 25% 25% 25%
85.01%-90% 25% 12% 25% 12%
80.01%-85% 12% 6% 12% 6%

Fannie Mae and Freddie Mac coverages are subject to change.

HomeReady® is a registered trademark of Fannie Mae.
Home Possible® is a registered trademark of Freddie Mac.