icon Affordable Housing

For Most Borrowers, 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
Borrower-Paid Monthly FHA Financed

$103
Monthly MI Premium

$3,500
Up-front

+
$142
Monthly

62 bps 175 bps (up front)
85 bps (annually)
3.875%
Interest Rate
3.5%
Interest Rate

$1,043
Total Monthly Payment

$1,055
Total Monthly Payment

Five Year MI Savings
$6,044
Compared to FHA

 
Total MI Cost for the Life of the Loan

$10,540

$36,379

Assumptions: Base loan amount $200,000, two borrowers, 740 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 November 28, 2016. FHA rate source: FHA Mortgagee Letter 2015-1.

HomeReady is a trademark of Fannie Mae.