Does Arch MI accept loans with non-occupant borrowers?

Does Arch MI accept loans with non-occupant borrowers?
April 13, 2018 Donna Malecki

Does Arch MI accept loans with non-occupant borrowers?

Yes.  For non-occupant borrower transactions, the loan is qualified using the income, liabilities, and assets of all borrowers.  1–2 unit primary residence only.  Maximum LTV: 95% LTV.  Maximum Loan Amount: 1-unit primary residences: $850,000. 2-unit primary residences: $679,650.   Ineligible: Manufactured homes. 3–4 unit properties. Second homes. Investment properties.

Last Updated On June 18, 2018