Rate Finder - Plus Information
Rate Finder - Plus uses loan criteria you enter to calculate a rate quote and/or evaluate loan eligibility.
Any rate you receive is based on current premium programs. Any eligibility determination you receive is based on current underwriting guidelines. Rate quotes and eligibility decisions are valid the day they are created.
Eligible Loans
If Rate Finder - Plus determines that the submitted loan characteristics are eligible for MGIC MI, in most instances the loan will be eligible when an MI application is submitted with those characteristics. Examples of circumstances that may affect eligibility but are not addressed in Rate Finder - Plus include ineligible TPOs, investor concentration, property flips, prior claims paid, etc. or an underwriting change occurs between the two submissions.
Ineligible Loans
If Rate Finder - Plus determines that a loan is ineligible:
- It still may be found eligible after a review by an MGIC underwriter.
- Contact MGIC Customer Service with the Rate Finder - Plus Submission Reference Number (valid for 48 hours) to find out why. Call 1-800-424-6442 or e-mail customer_service@mgic.com.
Rate Finder - Plus Resources