Millennial members are concerned with:
- Minimal funds for a down payment.
- High debt load due to student loans.
- Mortgage payment affordability on a starter income.
Meet the Millennial Mortgage – a Simple Solution that Offers:
- 97% LTV, 3% down payments.
- Low monthly payments (5/1, 7/1 ARMs eligible).
- Increased savings from low monthly payments.
- Minimum credit score 700.
- DTIs as high as 50%.
- Extended loan terms (including 40-year) available.
- Lower mortgage insurance coverage available.
- Newest solution by Portfolio Power (AMGC).
- Qualify more millennials, retain their loans in portfolio with confidence.
- Backed by AMGC, rated Baa1 by Moody's.
For more information, please read our flyer or contact your Arch MI Account Manager.