icon Affordable Housing

For Most Members, United Guaranty Can Mean
Lower Cost and More Buying Power

Fannie Mae's HomeReady program can help you serve low- to moderate-income members with expanded eligibility for financing.

HomeReady allows creditworthy homebuyers to take advantage of low down payments, lower MI premiums, and expanded eligibility requirements in designated low-income, minority, and disaster-impacted communities.

United Guaranty Performance Premium® FHA
Member-Paid Monthly Lender-Paid Single FHA Financed

$97
Monthly Payment

$4,040
Up-front Paid by Lender

$3,500
Up-front
$142
Monthly Payment

58 bps

202 bps

175 bps (upfront)
85 bps (annually)

$1,037
Total Monthly Payment

$984
Total Monthly Payment

$1,055
Total Monthly Payment

3.875%
Interest Rate
4.25%
Interest Rate
3.50%
Interest Rate

Five Year MI Savings
$6,444
Compared to FHA

Five Year MI Savings
$8,552
Compared to FHA

 
Total MI Cost for the Life of the Loan

$10,633

$15,626

$36,379

Assumptions: Base loan amount $200,000, two borrowers, 760 credit score, 41% DTI, 25% standard coverage, 30-year fixed-rate purchase loan, single-family house, stable market, 97% LTV United Guaranty, and 96.5% LTV FHA with upfront MI financed. Total monthly payment includes PI + MI. Performance Premium pricing as of April 18, 2016. FHA rate source: FHA Mortgagee Letter 2015-1.

HomeReady is a trademark of Fannie Mae.