Lenders should be able to close a loan with the REI Home100 Program in the same amount of time it takes to close a traditional mortgage loan.

Borrower Paid – monthly with annual renewal Split Premium Single Premium ****Base loan plus financed MI cannot exceed 97% LTV.****

3% maximum for CLTV greater than 90% 6% maximum for CLTV less than or equal to 90%. May be used for closing costs and/or single or split MI premiums