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Will Arch allow a Non-Occupant borrower on a Construction to Permanent Loan?
-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.
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Does Arch MI accept loans with non-occupant borrowers?
-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.