Construction to Perm or Renovation (Improvement) Programs
- Construction-to-Perm Programs: 12-Month MI Commitment is issued, and you can choose to either activate the MI at construction loan closing to be covered during construction or activate MI at construction completion. Also available for second home and investment properties.
- Immediate MI coverage with no additional (or updated) verifications when MI is activated within 120 days of MI Commitment date.
- Renovation Programs: 120-day MI Commitment issued for either purchase or limited cash-out (rate and term) refinance loans. Also available for second home.
