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Will Arch require a foreign credit report when a loan with valid DU Approve/Eligible findings (or LPA Accept/Eligible feedback) includes a borrower who has been in the US for less than two years?
-Will Arch MI require an international credit report when a loan with valid Desktop Underwriter® (DU®) Approve/Eligible or Loan Product Advisor® (LPASM) Accept/Eligible findings includes a borrower who has been in the United States for less than two years?
Loans with valid DU Approve/Eligible or LPA Accept/Eligible findings are perfect for our EZ DecisioningSM program. Under our EZ Decisioning program, no additional credit or tradeline requirements apply. For more information, visit our Guidelines page.
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Is a borrower on a loan with valid DU/LPA approved findings or feedback eligible for mortgage insurance even if they have limited credit?
-Is a borrower on a loan with valid Desktop Underwriter® (DU®)/Loan Product Advisor® (LPASM) approved findings eligible for mortgage insurance even if they have limited credit?
Yes. Loans with valid DU Approve/Eligible or LPA Accept/Eligible findings are perfect for our EZ DecisioningSM program. Under our EZ Decisioning program, no additional credit or tradeline requirements apply. For more information, visit our Guidelines page.
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What is the maximum debt-to-income (DTI) ratio for loans with DU Approve/Eligible findings?
-What is the maximum debt-to-income (DTI) ratio for loans with DU Approve/Eligible findings?
The maximum DTI for loans with a DU® Approve/Eligible finding under the Arch MI EZ Decisioning® program is 50%. For more information, refer to Chapter 2 of the Arch MI Underwriting Manual.
Arch MI Underwriting Manual (CU)
