non-occupant

  • Will Arch allow a Non-Occupant borrower on a Construction to Permanent Loan?

    - by Donna Malecki

    Will Arch allow a Non-Occupant borrower on a Construction to Permanent Loan?

    Yes, Arch is happy to consider a Construction to Permanent loan with a Non-Occupant borrower on a 1-unit primary residence at 95% LTV with a maximum loan amount of $850,000.  The loan is qualified using the income, liabilities, and assets of all borrowers.

  • Does Arch MI accept loans with non-occupant borrowers?

    - by Donna Malecki

    Does Arch MI accept loans with non-occupant borrowers?

    Yes.  For non-occupant borrower transactions, the loan is qualified using the income, liabilities, and assets of all borrowers.  1–2 unit primary residence only.  Maximum LTV: 95% LTV.  Maximum Loan Amount: 1-unit primary residences: $850,000. 2-unit primary residences: $679,650.   Ineligible: Manufactured homes. 3–4 unit properties. Second homes. Investment properties.