Qualify more homebuyers with expanded affordable lending guidelines. With National MI TrueGuide®’s Affordable Lending programs, our goals are shared – to help more people realize the dream of responsibly owning their home – sooner and more affordably.
National MI TrueGuide can help you seize significant portfolio opportunities with our Affordable Lending programs.
- Designed for Lower Income Borrowers and Low Down Payment Purchases
- 100% gift funds allowed in some instances
- Minimum credit scores as low as 600
- May be paired with Down Payment Assistance (DPA)
- Up to 105% CLTV allowed per GSE guidelines
- Reduced mortgage insurance requirements = lower monthly payments
AUS AFFORDABLE LENDING
| OCCUPANCY | LOAN PURPOSE2 | PROPERTY TYPE3,4 | LOAN AMOUNT5,6 | MAXIMUM LTV/CLTV | MINIMUM FICO7 | MAXIMUM DTI8 |
|---|---|---|---|---|---|---|
| Primary Residence | Purchase or Rate/Term Refinance or Construction to Permanent2 | Single Family Condo, Co-op or Manufactured Hm3 | $832,7505 $1,249,1256 | 97% / 105% 95% / 105%95% / 95% | 6007No FICO Score76007 | Per AUS Approval8 |
| Cash-Out Refinance | All | All | Not Eligible | Not Eligible | Not Eligible | |
| Purchase or Rate/Term Refinance or Construction to Permanent | Two-Units3 | $1,066,2505 $1,599,3756 | 95% / 105% 85% / 95% | 6007 | Per AUS Approval8 | |
| Three-Units4 | $1,288,8005 | 95% / 105% | 6007 | |||
| Four-Units4 | $1,601,7505 | |||||
| Second Home | All | All | All | Not Eligible | Not Eligible | Not Eligible |
| Investment Property | All | All | All | Not Eligible | Not Eligible | Not Eligible |
| OCCUPANCY | Primary Residence |
|---|---|
| LOAN PURPOSE2 | Purchase or Rate/Term Refinance or Construction to Permanent2 |
| PROPERTY TYPE3,4 | Single Family Condo, Co-op or Manufactured Hm3 |
| LOAN AMOUNT5,6 | $832,7505 | $1,249,1256 |
| MAXIMUM LTV/CLTV | 97% / 105% | 95% / 105% | 95% / 95% |
| MINIMUM FICO7 | 6007|No FICO Score 7|6007 |
| MAXIMUM DTI8 | Per AUS Approval8 |
| OCCUPANCY | Primary Residence |
|---|---|
| LOAN PURPOSE2 | Cash-Out Refinance |
| PROPERTY TYPE3,4 | All |
| LOAN AMOUNT5,6 | All |
| MAXIMUM LTV/CLTV | Not Eligible |
| MINIMUM FICO7 | Not Eligible |
| MAXIMUM DTI8 | Not Eligible |
| OCCUPANCY | Primary Residence |
|---|---|
| LOAN PURPOSE2 | Purchase or Rate/Term Refinance or Construction to Permanent |
| PROPERTY TYPE3,4 | Two-Units3 | Three-Units4 | Four-Units4 |
| LOAN AMOUNT5,6 | $1,066,2505 | $1,599,3756 | $1,288,8005 | $1,601,7505 |
| MAXIMUM LTV/CLTV | 95%/105% | 85%/95% | 95%/105% |
| MINIMUM FICO7 | 6007 | 6007 |
| MAXIMUM DTI8 | Per AUS Approval8 |
| OCCUPANCY | Second Home |
|---|---|
| LOAN PURPOSE2 | All |
| PROPERTY TYPE3,4 | All |
| LOAN AMOUNT5,6 | All |
| MAXIMUM LTV/CLTV | Not Eligible |
| MINIMUM FICO7 | Not Eligible |
| MAXIMUM DTI8 | Not Eligible |
| OCCUPANCY | Investment Property |
|---|---|
| LOAN PURPOSE2 | All |
| PROPERTY TYPE3,4 | All |
| LOAN AMOUNT5,6 | All |
| MAXIMUM LTV/CLTV | Not Eligible |
| MINIMUM FICO7 | Not Eligible |
| MAXIMUM DTI8 | Not Eligible |
- 1 When there are differences between agency and National MI requirements, lenders must originate to the more restrictive of the two guidelines. This rule applies at the level of individual policy topics.
- 2 Construction to Permanent excludes attached condos and co-ops.
- 3 Manufactured homes:
- a) May be single or multi-wide.
- b) If > 95% LTV, then limited to MH Advantage® or CHOICEHome® properties; and must be submitted to National MI for non-delegated underwriting review (ineligible for delegated underwriting).
- c) Two unit MH are eligible (but not 3-4 units).
- d) May not be on leased or communal (aka resident owned community or ROC) land.
- 4 Minimum 6 months reserves (PITIA) for 3-4 units.
- 5 Maximum Loan Amounts for AK and HI are $1,249,125 (1-unit), $1,599,375 (2-units), $1,933,200 (3-units) and $2,402,625 (4-units).
- 6 Available only for loan amounts eligible according to Fannie Mae high balance or Freddie Mac super conforming limits. For 2026, the GSEs have not established different high balance/super conforming amounts for AK. Maximum amounts for HI are $1,299,500 (1-unit) and $1,663,600 (2-units). Refer to the county specific loan limits to determine the maximum amount for a specific area.
- 7 Representative FICO using middle/lower method is required for underwriting and pricing purposes. If no borrower has a GSE-eligible FICO score (permitted for 1-unit only), the respective GSE’s requirements for non-traditional credit must be satisfied.
- 8 MI premium must be included in DTI for underwriting eligibility purposes and may be excluded from DTI for pricing purposes.