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Does Arch require escrows be set up for property taxes and/or home owner’s insurance?
-Does Arch require escrows be set up for property taxes and/or home owner’s insurance?
Arch does not have any overlay that would require that a lender escrow for taxes and/or insurance, no matter what the LTV. We do require that the housing and debt-to-income ratios be calculated using monthly taxes, insurance, MI premium, HOA dues and flood insurance premium, if applicable.