MIHome from Arch MI

Help Members Conquer a Major Homebuying Obstacle with Our Products, Solutions and Resources

Toolkit
Social Media Messaging
Hurdles to Homebuying

In a 2022 LendingTree survey, 81% of respondents who’ve never owned a home said they are “stressing about saving for a down payment.”1 Adding to their anxiety, 41% of non-homeowners believe lenders require down payments of 20% or more — far above the 7% actual average down payment for first-time homebuyers.

Surprise homebuyers with down payments they can afford for mortgage loans structured with mortgage insurance (MI) and the flexible options available with MIHome from Arch MI.

Your Member’s Current Savings May Be Enough

MIHome from Arch MI’s comprehensive set of products and solutions provides down payment options of as low as 3% of the purchase price. And with coverage from Arch Mortgage Guaranty Company (AMGC), homeownership is possible with even lower down payments.

Solve a Top Concern of First-Time Homebuyers with MIHome from Arch MI

Get the MI products, solutions and resources that 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 Heroes programs allow 1% and even 0% down payments for eligible members; gifts and grants are allowed.
  • Competitive MI pricing with RateStar® and customized premium payments with RateStar BuydownSM.
  • Appraisal gaps? Use our MI strategy (PDF) to eliminate the need for extra cash at closing.
  • Social media resources: Use our customizable messaging to educate members and Realtors on low-down-payment options.
  • Realtor resources: Announce low-down-payment options with MI to local real estate agents using our MIHome Toolkit’s co-branded flyer and presentation.
  • Free GSE-approved homebuyer education via our website.*
  • Free Roadmap to Homeownership toolkit contains everything you need to present a homebuyer seminar — on your own or with a Realtor partner.

*Available for members with Arch MI-insured loans.

TELL MILLENNIAL RENTERS
“We Have Your Number.”

Get started by contacting your Arch MI Account Manager today.

Easy-to-use Toolkit

Hurdles to Homebuying

LendingTree’s 2022 consumer survey highlights three illuminating facts about prospective homebuyers:

Saving for a down payment is a significant stressor for first-time homebuyers.

More than four out of 10 respondents believe lenders require 20% down payments.

More than a fifth of respondents believe “down payments are their only barrier to homeownership.”

How Those Who’ve Never Owned a Home Feel About Down Payments

Source: LendingTree survey of 788 consumers who’ve never owned a home, conducted in July 2022. Only those who hope to buy answered the question about stress.

Building Wealth Through Homeownership

Homeownership stands out as one of the best tools for building wealth. The Federal Reserve’s most recent Survey of Consumer Finances found the median net worth of homeowners is $255,000 — far more than the $6,300 median net worth of renters. 

Help members understand all the benefits of purchasing a home using our Roadmap to Homeownership presentation. We make it easy to co-brand the presentation with your logos for individual or group meetings in person or via Zoom.

Qualify Millennials

THE BIGGEST HOMEBUYER SEGMENT

Increasing numbers of Millennials (ages 24–42) in their 30s and above are forming families and succeeding in their careers. This age group has far outpaced others as the largest set of homebuyers:

  • In 2022, 43% of home purchasers were Millennials, according to the National Association of Realtors® — up sharply from 37% in 2021.
  • 27% of young Millennial homebuyers (ages 23–31) say saving for a down payment is the most difficult step in the homebuying process.
  • 53% of recent homebuyers said saving for a down payment took three or more years.
  • 88% of young Millennials consider purchasing a home a good financial investment.

Social Media Messaging

Reach Out to Renters and Realtors with Our Customizable Social Media Messaging

Want an easy way to tell your target audience that the actual down payment is a lot less than 20% of the purchase price? Use our social media templates to broadcast the message — and highlight how MIHome from Arch MI makes it possible for loans with low down payments to be approved.

View our Social Media Message Templates

MIHome Toolkit

In addition to exclusive resources for loan originators, MIHome from Arch MI offers co-branded flyers and electronic media designed for you to share with Realtors and aspiring homebuyers:

For Loan Originators

Share with Realtors

Share with Members

*Available for members with Arch MI-insured loans.

1 LendingTree survey, July 2022. 41% of Americans Who’ve Never Owned a Home Believe 20% Down Payments Are Required — And It Could Be Holding Them Back From Homeownership