Rate Programs
Level Annual

Level annual premiums feature identical first year and annual renewal rates.

• Pay the first-year premium in full at closing with funds collected from the borrower.
• Collect 1/12th the amount of the annual renewal premium with each monthly mortgage payment.
• Remit the premium to MGIC annually.

All refunds are made on a pro rata basis. MGIC bills on an annual basis for these premiums.

For the most current Level Annual rates, refer to our Credit Union rate card.

Calculate rates using MGIC's Rate Finder.