HFA Programs
Mission Statement | Program Resources | Loan Submission | Borrower Resources
MGIC’s Mission
In the coming decades, the demand for housing will be affected by aging Baby Boomers, growing levels of immigration and the changing composition of households.
Not to be overlooked in this expanding, diverse, emerging housing market are low-to-moderate income, creditworthy consumers ready to assume the responsibilities of homeownership.
MGIC’s mission is to help Housing Finance Agencies serve these consumers, enabling them to finance homes under terms they can afford now and in the future, so they can remain successful long-term homeowners.
Successful homeownership leads to increased wealth and more stable families, which leads to stronger neighborhoods and communities — overall, a better way of life.
HFA Program Resources
- HFA Program Parameters
- Standard Guidelines (for loans that don't qualify for HFA parameters)
- National Rates
- HFA Program Bulletins
How to Submit an HFA Loan
To submit loan data, use:
- MI on the WEB at www.mgic.com
- The Loan Center at www.mgic.com
- eMagic
- LOS MI Order Interface
- Electronic Data Interface (EDI) - Contact MGIC eCommerce Services, ecommerce_services@mgic.com or 1.800.558.9900 for details to sign up.
- Files uploaded from Loan Origination Systems (such as Ellie Mae®, Genesis, Contour®, etc.).
To submit loan documents, use:
- The Loan Center at www.mgic.com — Upload loan documents.
- Fax or paper files along with a completed MGIC MI Application sent to your MGIC Underwriting Service Center.
Call your MGIC Account Manager or MGIC Underwriting Service Center with questions about which delivery method best meets your needs.
Resources for Your Borrowers
To help prepare first-time homebuyers for the responsibility of homeownership, we offer:
- Buyers Ed
- online homebuyer and landlord education
- provided by MGIC at no charge to you or your customers
- accepted by Fannie Mae and Freddie Mac
- details and registration
- www.buywithmi.com
- online help for borrowers preparing to buy a home
- options for buying a home using private mortgage insurance
- tips on home maintenance and maintaining homeownership
- Get Ready newsletter series
Lenders, register for your Buyers Ed Code
Send customers preparing for homeownership to
www.buywithmi.com
Share MGIC’s Get Ready newsletters with potential homeowners
Questions about HFA underwriting parameters? Contact your MGIC Underwriting Service Center.
Questions about the HFA program?
Contact us.
