MI Products
Essent offers a number of mortgage insurance (MI) solutions for your homebuyers’ loans. Understanding the basics of each can help you choose the solution that best fits each homebuyer’s unique financial situation.
Learn About the Types of MI
Borrower-Paid Monthly
Borrower-paid mortgage insurance (BPMI) monthly premium options allows homebuyers to fold their MI premiums into their monthly mortgage…
Lender-Paid Single
Lender-paid mortgage insurance (LPMI) single premium options may be appropriate for lenders who want to make a one-time, upfront MI premium…
Borrower-Paid Single
Borrower-paid mortgage insurance (BPMI) single premium options may be a good choice for a borrower who wants to keep the monthly payment low. The…
Split Premium
Split premium mortgage insurance (MI) options may be good for a borrower who wants to reduce the monthly MI premium in order to qualify for a…
Lender-Paid Monthly
Lender-paid mortgage insurance (LPMI) monthly premium options allows lenders to pay the monthly premiums and factor that cost into the interest…
EssentFlex™
EssentFLEX allows borrowers to tailor their monthly borrower-paid mortgage insurance (BPMI) premium to their individual financial situation.…