jumbo

Are two appraisals required for jumbo loan amounts on Arch MI Standard programs?

For loans over $1 million, Arch MI requires either a second full appraisal or a third-party field review to support the value. For loans submitted under an Arch Mortgage Guaranty Company (AMGC) master policy, requirements may differ. For more information, refer to the AMGC underwriting guidelines (CU).