Does Arch MI have expanded guidelines for loans with borrowers who are medical or dental professionals, allowing exclusion of student loans from ratios and/or employment which starts after the loan closing date?
Yes! Arch MI is pleased to offer expanded underwriting guidelines to support programs for medical and dental professionals (e.g., Medical Resident; Medical Doctor (MD); Doctor of Dental Science (DDS); Doctor of Dental Medicine (DMD); Doctor of Optometry (OD); etc. – see guideline for complete list). For manually underwritten primary residence, one unit, purchase or rate/term refinance transactions, these expanded guidelines allow the exclusion of certain deferred student loan payments from the DTI ratio calculation and/or employment beginning post-closing. Additional guidelines apply; please refer to our medical/dental professionals program flyer at https://mi.archcapgroup.com/Portals/1/Documents/Guidelines/010418/Medical-Dental_Guidelines_010418_NR.pdf .