Close More Mortgage Business with Our Exclusive Tools:
the Deal Saver and MIHome
For loan originators contending with higher interest rates and low inventory, it’s never been more important to close every possible deal and expand borrowers’ choices by offering flexible down payment options.
More of your homebuyers can become homeowners when you use the Deal Saver — Arch MI’s RateStar BuydownSM. Introduced in 2019, RateStar Buydown was a revolutionary innovation for the industry. It quickly became the preferred solution for LOs to create customized monthly MI premium payments suited to each borrower’s goals, including meeting GSE DTI requirements and lowering the PITI to mitigate higher interest rates.
Your Borrower’s Savings May Already Be Enough to Buy a Home
RateStar Buydown is part of our exclusive MI Home from Arch MI program, a comprehensive set of resources to help you structure and insure low down payment loans. In a recent Bankrate.com survey, 53% of older Millennials (ages 34–42) cited down payments and closing costs as their biggest obstacle to homeownership. By overcoming this challenge with more affordable down payments, you can help Millennial renters buy now:
- Flexible Arch MI guidelines work with down payments as low as 3%; gifts and grants are allowed.
- Manufactured homes, condos, co-ops, single-family and construction-to-perm are all eligible.
- AMGC Community programs allow 1% and even 0% down payments for eligible borrowers; gifts and grants are permitted.
- Free homebuyer education is available via our website for borrowers using Fannie Mae or Freddie Mac loan programs.
- Appraisal gaps? Use our MI strategy to eliminate the need for extra cash at closing.
Built on a Foundation of Financial Strength
Arch MI has the highest financial strength ratings among U.S. MI companies and is the industry’s trusted counterparty for the long term.
Arch MI’s LO Toolkit Makes MI Easy
Our LO Toolbox is a complete resource for Loan Originators. Visit lo.archmi.com for all the MI tools, products and solutions you need to originate loans insured by Arch MI. It includes our Spanish-language video and flyers about the MI basics for Spanish-speaking homebuyers in your community.
Now is the time to begin closing more deals and earning more referrals. Learn more about the Deal Saver and all the options MIHome from Arch MI can offer your borrowers by contacting your Arch MI Account Manager for Massachusetts, Rhode Island, Connecticut and New York: Lauren Geary, AMP, at 203-915-6990 or email [email protected].
Arch Mortgage Insurance Company® | ARCH MORTGAGE GUARANTY COMPANY® | 230 NORTH Elm StREET Greensboro NC 27401 | ARCHMI.COM MCUS-B1518-0823
© 2023 Arch Mortgage Insurance Company. All Rights Reserved. Arch MI is a marketing term for Arch Mortgage Insurance Company, Arch Mortgage Guaranty Company and United Guaranty Residential Insurance Company. Arch Mortgage Insurance Company and Arch Mortgage Guaranty Company are registered marks, and RateStar Buydown is a service mark of Arch Capital Group (U.S.) Inc. or its affiliates.