Arch MI’s Buy with MI
Help Borrowers Conquer a Major Homebuying Obstacle with Our Products, Solutions and Resources
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, the National Association of Realtors® (NAR) reports, 45% of non-homeowners believe lenders require down payments of 16% or more — far above the 8% 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 Arch MI’s Buy with MI.
Your Borrower’s Current Savings May Be Enough
Arch MI’s Buy with MI offers a comprehensive set of products and solutions that supports down payment options 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 When You Use Arch MI’s Buy with 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’s Community Heroes Program allows 1% down payments for eligible borrowers; 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 borrowers and Realtors on low-down-payment options.
- Realtor resources: Announce low-down-payment options with MI to local real estate agents using our Arch MI’s Buy with MI Toolkit 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 borrowers with Arch MI-insured loans.
TELL MILLENNIAL RENTERS
“We Have Your Number.”
Get started by contacting your Arch MI Account Manager today.
Hurdles to Homebuying
A LendingTree survey of non-homeowners 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
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 $396,200 — far more than the $10,400 median net worth of renters.
Help borrowers 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 28–43) 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:
- 38% of home purchasers are Millennials, according to NAR’s 2024 Home Buyers and Sellers Generational Trends report — up from 28% the year before — making them the largest generational group of U.S. home buyers.
- Roughly one-third (34%) of Gen Zers, those in their earlier 20s, and the Millennial age group up to age 43 say saving for a down payment is the most difficult step in the homebuying process, according to a March 2024 Redfin report.
- 78% of prospective homebuyers say they expect saving for a down payment to take three or more years, according to a January 2024 Bankrate report.
- 82% of all buyers consider a home purchase a good financial investment, with this sentiment especially pronounced among younger Millennials, 86% of whom echo this positive outlook.
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 Arch MI’s Buy with MI can make it possible for loans with low down payments to be approved.
Arch MI’s Buy with MI Toolkit
In addition to exclusive resources for loan originators, Arch MI’s Buy with MI offers co-branded flyers and electronic media designed for you to share with Realtors and aspiring homebuyers:
For Loan Originators
- Know Your Millennials Flyer (PDF)
Understand today’s homebuyers better. - Low-Down-Payment Options Flyer (PDF)
See how Arch MI’s Buy with MI can help you close more loans with Millennial renters. - Check out our flexible guidelines for Arch MI-insured Loans.
- AMGC Community Heroes
Review low down payment options for eligible homebuyers. - Roadmap to Homeownership
Download our complete toolkit for setting up your homebuyer seminar. - Use our customizable social media messaging.
- HFA’s Homeownership Resources
Connect with your state’s Housing Finance Agency (HFA) for available homebuyer resources. - HFA’s Affordable Lender Toolkit
Register to receive the HFA1 Affordable Homeownership Lender Toolkit detailing affordable mortgage programs in participating states
Share with Realtors
- Low-Down-Payment Options Flyer
Download and cobrand with your info to share with Realtors. - PowerPoint on Low-Down-Payment Options (PPTX)
Download and cobrand with your info for meetings with Realtors.
Share with Borrowers
- Low-Down-Payment Options Flyer
Download and cobrand with your own info to share with borrowers. - Building Wealth through Homeownership
Educate prospects on the difference homeowning makes. - Access free homebuyer education to meet affordable loan program requirements*.
- Homebuyer Assistance Programs — State Housing Finance Agencies (HFAs)
Connect with your state’s Housing Finance Agency to learn about its affordability resources for homebuyers.
*Available for borrowers with Arch MI-insured loans.