About MGIC
A proven mortgage insurance partner with experience you can trust.
MGIC (Mortgage Guaranty Insurance Corporation) provides trusted, experience-driven private mortgage insurance (PMI) solutions that help lenders manage risk with confidence.
We've helped more than 14 million people attain homeownership sooner.
MGIC was founded in 1957 after Max Karl, a Milwaukee lawyer, saw how people and lenders struggled to navigate existing low-down-payment mortgage options. That’s why he invented the modern form of PMI. With PMI, people can buy homes with as little as 3% down, and the risks to lenders are limited because MGIC insures a portion of the mortgage loan in the event of default.
Market tested. Industry trusted.
MGIC is the founder of today’s private mortgage insurance industry, with a reputation built on decades of reliability, expertise and thoughtful risk management. We work closely with lenders across the country, supporting them with the financial strength, insights and market intelligence they need to make home financing attainable and sustainable for more homeowners.
Get to know us better
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Our leadership
The leaders at MGIC are forward thinkers who pave the way for our shared success.
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The Max Karl legacy
Max Karl, the founder of modern private mortgage insurance, wore thick glasses, convinced his barber to invest in him, and spurred an entire industry.
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The MGIC difference
What MGIC does makes a difference. In addition to competitive rates and a drive to do what's right, we offer invaluable resources to help grow your business.
How can we help you?
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Take a closer look at the value we create for our stakeholders on our investor site.
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Get ready for homeownership with Readynest, our educational website that breaks down the process for first-time homebuyers.
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Discover the opportunities, benefits and perks of working at an award-winning company.
