The Simple Solution
Single Financed Mortgage Insurance (SFMI)
If you’re a borrower with less than a 20% down payment, you should consider Single Financed Mortgage Insurance (SFMI). It offers low closing costs, low monthly payments and less paperwork, the all–in–one solution. You even get the security of involuntary unemployment insurance at no additional cost.
g No monthly borrower–paid mortgage insurance.
g Fixed– and adjustable–rate options.
g Single–loan submission/closing.
g Maximum tax deductibility.*
g Refundable mortgage insurance premium.**
g Ability to qualify for more home.
g Safeguards on your home investment.
*Check with your tax advisor for advice on tax deductions. **A portion of SFMI premium will be refunded if loan is paid off or insurance is dropped within the first five years. Programs available only to qualified borrowers. Programs subject to change without notice. Underwriting terms and conditions apply. Some restrictions may apply.