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Is a Lender Credit considered an Interested Party Contribution (IPC)?
-Is a Lender Credit considered an Interested Party Contribution (IPC)?
Arch MI does not consider a Lender Credit an Interested Party Contribution (IPC) and it would not be subject to those limits unless the Lender is also the property seller.
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Can a seller credit (or other Interested Party Contribution) be applied toward the MI premium due at closing?
-Can a seller credit (or other Interested Party Contribution) be applied toward the MI premium due at closing?
Mortgage insurance premiums are considered “prepaid” items and subject to normal limits for Interested Party Contributions, including credits from the seller.
