guidelines

  • Does Arch MI insure loans for manufactured homes?

    - by Darren Metsker

    Does Arch MI insure loans for manufactured homes?

    Yes, Arch MI will insure loans for manufactured homes on a primary residence up to 95% LTV (90% LTV on second homes) under our EZ DecisioningSM program with valid Desktop Underwriter® (DU®) Approve/Eligible or Loan Product Advisor® (LPASM) Accept/Eligible findings. We will also allow a primary residence or second home up to 90% LTV under our Standard Underwriting program. Refer to Section 3.14.04 of our Underwriting Manual for additional requirements. Singlewide manufactured homes are not eligible.

  • Does Arch MI allow Appraisal Waivers when Desktop Underwriter® (DU®) or Loan Product Advisor® (LPASM) findings permit?

    - by Darren Metsker

    Does Arch MI allow Appraisal Waivers when Desktop Underwriter® (DU®) or Loan Product Advisor® (LPASM) findings permit?

    Yes, with the exception of Fannie Mae’s Rural High-Needs Appraisal Waiver being ineligible, our EZ DecisioningSM program allows Appraisal Waivers in accordance with Agency guidelines.

  • Does Arch MI consider exceptions to published guidelines?

    - by Darren Metsker

    Does Arch MI consider exceptions to published guidelines?   

    Loans with exceptions may be considered on a case-by-case basis. Upon receipt of a full file for consideration, our underwriting team will review the risk and compensating factors before notifying you of a decision.

  • What are the requirements for canceling mortgage insurance?

    - by Darren Metsker

    What are the requirements for canceling mortgage insurance?

    Lenders are advised to follow investor and/or lender servicer guidelines to determine if a transaction is eligible for MI cancellation. For additional resources and information regarding MI cancellation, visit our webpage, contact Arch MI Policy Servicing, 877-642-4642 (Option 3), or policyservicing@archmi.com.

    For United Guaranty MI certs:

    Email: servicing@archmi.com
    Telephone: 877-642-4642 (Option 2)

    For Arch MI certs:

    Email: policyservicing@archmi.com
    Telephone:  877-642-4642 (Option 3)

  • Will Arch MI consider insuring a loan with a debt-to-income (DTI) ratio above 45%?

    - by Darren Metsker

    Will Arch MI consider insuring a loan with a debt-to-income (DTI) ratio above 45%?

    Arch MI permits loans with a maximum DTI ratio of 50% under our EZ DecisioningSM program when valid DU® Approve/Eligible or LPA Accept/Eligible findings are provided. Under Arch MI’s Standard Underwriting Requirements, loans will also be given consideration when the DTI exceeds 45% up to a maximum of 50% for conforming loan amounts. DTI limits for other programs and/or jumbo loan amounts may vary; full guidelines are available on our Underwriting page. We encourage you to submit a full file for review by our experienced Underwriting team to determine eligibility.

    Underwriting Page (CU)