MI Rates

Split Premium Rates

Our split premium mortgage insurance (MI) option may be good for a borrower who wants to reduce the monthly MI premium in order to qualify for a larger loan amount.

It offers ultimate flexibility because the cost of MI can be divided into a single, upfront premium payment and a lower monthly payment. The upfront portion can be paid several ways, including by a third party (e.g., seller, builder, lender) or financed into a borrower’s mortgage loan.

Lender-Paid Single Rates

Our lender-paid mortgage insurance (LPMI) single premium option may be appropriate for lenders who want to make a one-time, upfront MI premium payment at closing. Lenders can opt to factor the cost of MI into the interest rate that is charged on mortgage loans.

LPMI coverage cannot be canceled and remains in effect until the loan is paid off or refinanced.

Essent offers standard and portfolio LPMI programs to its lenders. Contact your Essent account manager to discuss your needs and qualifying criteria.