Does Arch MI allow escrow holdbacks for completion of repairs or improvements?

Does Arch MI allow escrow holdbacks for completion of repairs or improvements?
May 8, 2018 Donna Malecki

Does Arch MI allow escrow holdbacks for completion of repairs or improvements?

Arch MI allows escrow holdbacks for repairs or improvements, in accordance with agency guidelines and without additional overlays.  When the repairs or improvements are completed, the lender should document their file accordingly.

Last Updated On May 08, 2018