Does Arch MI insure investment properties when there are valid DU Approve/Eligible or LPA Accept/Eligible findings?

Does Arch MI insure investment properties when there are valid DU Approve/Eligible or LPA Accept/Eligible findings?
May 8, 2018 Donna Malecki

Does Arch MI insure investment properties when there are valid DU Approve/Eligible Findings or LPA Accept/Eligible Feedback?

Yes.  For loans which meet our EZ Decisioning/SwiftClose program parameters and agency guidelines,  investment property purchases and rate/term refinances on one-unit properties are allowed, up to 85% LTV.  The maximum loan amount is $679,650 with minimum 680 score and maximum 50% DTI.    For additional information, please refer to our EZ Decisioning/SwiftClose guidelines, at https://mi.archcapgroup.com/Portals/1/Documents/Guidelines/010418/SwiftClose_QR_010418_NR.pdf

Last Updated On May 11, 2018