Help borrowers save time and money with long-term financing opportunities for building their dream home
One-Close Construction Pro allows:
- A 12-month mortgage insurance Commitment/Certificate
- Financing borrower-paid premiums: up to 18 months of monthly premiums, a single premium or the up-front portion of a split premium
- When borrowers finance monthly MI premiums, MI coverage must be activated at loan closing. Contact your MGIC representative if you would like to finance monthly premiums
- For mortgage insurance purposes, do not include any financed MI premium amount in the LTV calculation
- Loan amounts to $2,150,000
One-Close Construction Pro can help your borrowers:
- Put less money down when building their home
- Remove the worry, cost and time of a second loan closing
- Keep payments low during the construction period
Portfolio Playbook™ and One-Close Construction Pro™ are MGIC trademarks.
Get started with these One-Close Construction Pro resources:
Discover more about our Portfolio Playbook products
Portfolio Playbook is a suite of mortgage product solutions designed to help pros like you. To uncover the benefits of enrollment in MGIC's Portfolio Playbook program, complete this form:
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