About MGIC
We're proud to be leading the private mortgage insurance industry, supporting our customers and helping borrowers find a better way to achieve their dreams of homeownership.
A proven mortgage insurance partner with experience you can trust.
Mortgage Guaranty Insurance Corporation (MGIC) provides trusted, experience-driven private mortgage insurance (PMI) solutions that help lenders manage risk with confidence.
We've helped more than 14 million people attain homeownership sooner.
MGIC was founded in 1957 after Max Karl, a Milwaukee lawyer, saw how people and lenders struggled to navigate existing low-down-payment mortgage options. That’s why he invented the modern form of PMI. With PMI, people can buy homes with as little as 3% down, and the risks to lenders are limited because MGIC insures a portion of the mortgage loan in the event of default.
Market tested. Industry trusted.
MGIC is the founder of today’s private mortgage insurance industry, with a reputation built on decades of reliability, expertise and thoughtful risk management. We work closely with lenders across the country, supporting them with the financial strength, insights and market intelligence they need to make home financing attainable and sustainable for more homeowners.
