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Mortgage Insurance Details
Special Premium Rate
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State Housing Agency (BPMI)
LPMIpreferred
Payment Option
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Annual
Monthly
Zip Monthly
Single
Refund Option
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Refund
No Refund
Renewal Option
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Level
Outstanding Balance
Single or One Time
Coverage %
A-
Borrower Information
Total Income
Total Debt
Loan Representative FICO
Non-Traditional Credit
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Yes
No
Subject Property
Zip Code
Number of Units
Type
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Attached Housing
Detached Housing
Sub-Type
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CO-OP
Condominium
Other
PUD
Manufactured Housing
Loan Information
Base Loan Amount
Financed Premium Amount
Total Loan Amount
Interest Rate %
Term (in Months)
First Mortgage (P&I)
Sales Price
Appraised Value
LTV %
Purpose of Loan
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Purchase
Construction
Construction-Permanent
Cash-Out (Debt Consolidation) Refinance
Cash-Out (Home Improvement) Refinance
Cash-Out (Other) Refinance
Cash-Out (Spouse Buyout) Refinance
Limited Cash-Out Refinance
No Cash-Out (Rate/Term) Refinance
Amortization Type
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Fixed
ARM
Balloon
Occupancy Status
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Primary Residence
Secondary Residence
Investment Property
Documentation Type
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Full/Alternative
SIVA or VISA
No Ratio (NIVA) or VINA
SISA
NINA
No Doc
Other
Interest Only
Interest Only Term (Years)
ARM/Buydown Information
Description
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3-2-1 Buydown
2-1 Buydown
1-0 Buydown
Option ARM
Option ARM (A Minus)
1 Month LIBOR ARM (Potential Neg. Am.)
1 Month COFI ARM (Potential Neg. Am.)
1 Month MTA ARM (Potential Neg. Am.)
3 Month COFI ARM (Potential Neg. Am.)
3 Month MTA ARM (Potential Neg. Am.)
6 Month LIBOR ARM (1/5 Caps)
6 Month LIBOR ARM (1/6 Caps)
6 Month COFI ARM (1/6 Caps)
6 Month MTA ARM
6 Month MTA ARM (Potential Neg. Am.)
1 Year ARM (1/4 Caps)
1 Year ARM (1/5 Caps)
1 Year ARM (2/5 Caps)
1 Year ARM with Conv. Option (2/6 Caps)
1 Year LIBOR ARM (2/6 Caps)
2 Year ARM (2/5 Caps)
2 Year/6 Month LIBOR ARM (1/6 Caps)
3 Year ARM (2/5 Caps)
3 Year ARM (2/6 Caps)
3 Year LIBOR ARM
3 Year Interest Only LIBOR ARM (2/6 Caps)
3 Year Interest Only LIBOR ARM (3/5 Caps)
3 Year/6 Month LIBOR ARM (3/6 Caps)
4 Year ARM (2/6 Caps)
4 Year/6 Month LIBOR ARM (1/6 Caps)
4 Year/6 Month LIBOR ARM (4/6 Caps)
5 Year ARM (1/4 Caps)
5 Year ARM (2/5 Caps)
5 Year LIBOR ARM
5 Year Interest Only LIBOR ARM (3/5 Caps)
5 Year/6 Month LIBOR ARM (3/6 Caps)
5 Year Pot Neg Am
7 Year ARM
7 Year LIBOR ARM
10 Year ARM
10 Year LIBOR ARM
WMB Option & Flex 3 ARM
Potential Neg Amortization
Automated Underwriting Recommendation
Desktop Underwriter
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Approve/Eligible
Approve/Ineligible
EA-I/Eligible
EA-I/Ineligible
EA-II/Eligible
EA-II/Ineligible
EA-III/Eligible
EA-III/Ineligible
Out of Scope
Refer with Caution
Refer with Caution/IV
Refer/Eligible
Refer/Ineligible
Loan Prospector
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Accept/Eligible
Accept/Ineligible
Caution/A-Eligible
Caution/Eligible
Caution/Ineligible
Underwriting Guidelines
Rate Cards
User Guide
The 'Rate Estimator' result and MI Underwriting Eligibility validation is only an estimate based upon the information provided. It may not incorporate all of the relevant information or guideline and eligibility verifications needed to provide the appropriate rate or underwriting decision. This rate estimate or underwriting eligibility validation does not constitute a contract, binder, or agreement to extend insurance coverage. A final rate quote and Mortgage Insurance underwriting decision will be provided when a Commitment for Insurance is formally obtained upon submission of a complete MI Fulfillment Request from Republic Mortgage Insurance Company (RMIC).
Coverage and conditions are subject to approval according to Republic Mortgage Insurance Company Underwriting Guidelines and Rates in effect on the date a Mortgage Insurance Application/Request is received. Premium Rates and Underwriting Guidelines are subject to individual state requirements and may change without advance notification.
Please refer to
http://www.rmic.com
for a complete listing of Mortgage Insurance Premium Rates and Underwriting Guidelines or contact your designated RMIC Underwriting Office.
By selecting this box and clicking Submit, I acknowledge having read the disclaimer verbiage and understand the 'Rate Estimator' result is only an estimate for Mortgage Insurance.