icon QMI Qualified Mortgage Insurance
Credit Union MI Options for All of Your QM Needs

QM rules for member fees and Ability-to-Repay have changed how lenders account for mortgage insurance costs. United Guaranty's suite of mortgage insurance solutions gives you all of the options you need for your member and your organization.

We call these products QMISM – Qualified Mortgage Insurance.

Member-Paid

MI Option What to Count in Points and Fees
PostPay® Monthly Fully excluded from the QM 3% points and fees cap.
No-Refund Single Premium The full premium amount must be included in the 3% calculation. However, our Performance Premium® pricing makes this a viable option for many members.
Split Premium The up-front portion of the premium is fully counted in the points and fees calculation.

Monthly renewal premium is excluded.
Refundable Annual Premium MI renewal premiums and the initial annual payment due at closing are not included in the points and fees calculation.

Lender-Paid

MI Option What to Count in Points and Fees
Monthly or Single Premium Fully excluded from the QM 3% points and fees cap.