Private Mortgage Insurance (PMI) Company Directory (2026)
Private mortgage insurance is required when homebuyers make down payments of less than 20% on conventional loans. PMI protects the lender if you default. Average cost: $30-$70 per $100,000 borrowed annually.
Major PMI Companies
| Company | Founded | Key Features |
|---|---|---|
| MGIC Investment Corporation | 1957 | The original private MI company; industry leader |
| Arch Capital Group (Arch MI) | 1990s | Global PMI leader; comprehensive coverage |
| Radian Guaranty | 1977 | PMI plus risk management products |
| Essent Group | 2008 | Key industry provider |
| Enact Holdings | 2021 | Major provider; spun off from Genworth |
| NMI Holdings (National MI) | 2012 | Risk-based pricing technology specialist |
PMI Cancellation Rules
- Automatic termination: At 78% of original home value
- Request cancellation: At 80% loan-to-value ratio
Tax Update
Congress made PMI deductibility permanent in 2025. Claim it starting with 2026 taxes.
Rate Factors
- Loan amount and down payment percentage
- Credit score (best rates at 760+)
- Loan type (fixed vs. adjustable)
- Property type
