Qualify More Borrowers with MIHome from Arch MI’s
Affordable Low-Down-Payment Options
Arch MI, the highest-rated MI company, helps mortgage lenders limit risk exposure while expanding their origination opportunities.
But as the market changes, we’re focusing on providing solutions to homebuying challenges, especially for Millennial renters — the largest homebuying generation in history.
Your Borrower’s Savings May Already Be Enough to Buy a Home
Down payments are the biggest obstacle for Millennial customers. According to the National Association of Realtors®, 64% of survey participants either don’t know how much of a down payment is needed or said lenders require at least 20%.
In reality, first-time homebuyers put down an average of 7%. Eligible borrowers can qualify with down payments as low as 5% or even less.
Let your borrowers know that homeownership is possible with a small down payment backed by mortgage insurance. MIHome from Arch MI is a comprehensive set of MI products, solutions and resources to support affordable homeownership for Millennials who want to 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 allowed.
- 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.
Customizing a Monthly MI for Each Borrower
Our RateStar® platform continues to be the leading risk-based MI pricing model, offering not only our most competitive pricing for each loan but also the unique option to buy down the MI premium.
With RateStar BuydownSM, lenders can win the business by offering a customized monthly MI payment suited for each borrower’s budget. Show your borrowers the easy RateStar Buydown tool that presents different upfront and monthly payment combinations to identify the best option for individual homebuyers.
Expand Liquidity with Arch Mortgage Funding
Partner with our subsidiary, Arch Mortgage Funding, Inc. (AMF), a mortgage market conduit purchasing closed loans and providing a stable source of liquidity for non-Agency business. archmortgagefunding.com
AMF draws upon Arch’s global mortgage expertise in underwriting, credit risk analysis, pricing and securitization to provide solutions for lenders’ specific risk management needs.
Questions? Contact 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-B1518-0822
© 2022 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, Arch Mortgage Guaranty Company, Arch Mortgage Funding, Inc. and RateStar are registered marks, and RateStar Buydown is a service mark of Arch Capital Group (U.S.) Inc. or its affiliates. Realtors is a registered mark of the National Association of REALTORS.