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• About National MI (Video)

Why mortgage insurance makes sense

With private mortgage insurance and low down payment lending options, you can own a home with a down payment of 20% or less, even as little as 3% down. If you wait until you can put 20% down on the purchase price of a home, you may miss out on the opportunity to build equity and receive the tax benefits that can come with owning a home.

For the Borrower, private mortgage insurance can provide:

  • Access to the housing market more quickly, by reducing the required down payment
  • Tax deductible premiums for eligible borrowers
  • Range of payment options
  • Cancellation of Borrower-Paid MI (unlike FHA insurance)

why mortgage insurance infographic

The ability to originate loans for borrowers with less than a 20% down payment is critical to serving first time homebuyers and expanding the opportunity of homeownership.

With affordable home prices and historically low interest rates, this is a great time for buyers to enter the market. Private mortgage insurance allows buyers to purchase homes sooner while providing safer loans for lenders.


  • See the advantages of Private Mortgage Insurance over FHA
  • Compare mortgage loan limits between MI and FHA in your area
  • Find Homebuyer Education classes in your area
  • Ability to Cancel MI