HomeOpeners^® Lender Paid Mortgage Insurance

Lender paid mortgage insurance, part of the HomeOpeners family of products, provides an alternative to combo/piggyback loans that makes sense for lenders…and borrowers. It allows homebuyers to enjoy a competitively priced monthly payment without having to pay an additional MI premium.

Two different types of LPMI are available:

HomeOpeners LenderPlus - a deeply discounted product for high quality loans (e.g. 680+ FICO, A paper) 
Standard Lender Paid MI - a discounted product with expanded eligibility criteria to insure a wider variety of loans (e.g. 620+ FICO)

With lender paid mortgage insurance, there are many borrowers benefits:

• One loan, one monthly payment
• No MI premium to pay
• Easy to understand, safer alternative to combo loans
• Greater potential tax benefit *

Plus, there are options to pay either Monthly and Single premiums.

*Borrowers should consult with a tax advisor for specific tax advice.