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
- Minimum Credit Scores as Low as 620
- 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 PURPOSE1 | PROPERTY TYPE2,3 | LOAN AMOUNT4,5 | MAXIMUM LTV/CLTV | MINIMUM FICO6 | MAXIMUM DTI7 |
|---|---|---|---|---|---|---|
| Primary Residence | Purchase or Rate/Term Refinance or Construction to Permanent1 | Single Family Condo, Co-op or Manufactured Hm2 | $726,2004 $1,089,3005 | 97% / 105% 95% / 105%95% / 95% | No FICO Score76206No FICO Score7 | Per AUS Approval7 |
| Cash-Out Refinance | All | All | Not Eligible | Not Eligible | Not Eligible | |
| Purchase or Rate/Term Refinance or Construction to Permanent | Two-Unit | $929,8504 $1,394,7755 | 95% / 105% 85% / 95% | 6206 | Per AUS Approval7 | |
| 3 - 4 Units3 | $1,123,9004 | 95% / 105% | 700 | |||
| 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 PURPOSE1 | Purchase or Rate/Term Refinance or Construction to Permanent1 |
| PROPERTY TYPE2,3 | Single Family Condo, Co-op or Manufactured Hm2 |
| LOAN AMOUNT4,5 | $726,2004 | $1,089,3005 |
| MAXIMUM LTV/CLTV | 97% / 105%1 | 95% / 105% | 95% / 95% |
| MINIMUM FICO6 | 6206 |
| MAXIMUM DTI7 | Per AUS Approval7 |
| OCCUPANCY | Primary Residence |
|---|---|
| LOAN PURPOSE1 | Cash-Out Refinance |
| PROPERTY TYPE2,3 | All |
| LOAN AMOUNT4,5 | All |
| MAXIMUM LTV/CLTV | Not Eligible |
| MINIMUM FICO6 | Not Eligible |
| MAXIMUM DTI7 | Not Eligible |
| OCCUPANCY | Primary Residence |
|---|---|
| LOAN PURPOSE1 | Purchase or Rate/Term Refinance or Construction to Permanent |
| PROPERTY TYPE2,3 | Two-Unit | 3 - 4 Units |
| LOAN AMOUNT4,5 | $929,8504 $1,394,7755 | $1,123,9004 |
| MAXIMUM LTV/CLTV | 95%/105% 85%/95% | 95%/105% |
| MINIMUM FICO6 | 6206 | 700 |
| MAXIMUM DTI7 | Per AUS Approval7 |
| OCCUPANCY | Second Home |
|---|---|
| LOAN PURPOSE1 | All |
| PROPERTY TYPE2,3 | All |
| LOAN AMOUNT4,5 | All |
| MAXIMUM LTV/CLTV | Not Eligible |
| MINIMUM FICO6 | Not Eligible |
| MAXIMUM DTI7 | Not Eligible |
| OCCUPANCY | Investment Property |
|---|---|
| LOAN PURPOSE1 | All |
| PROPERTY TYPE2,3 | All |
| LOAN AMOUNT4,5 | All |
| MAXIMUM LTV/CLTV | Not Eligible |
| MINIMUM FICO | Not Eligible |
| MAXIMUM DTI7 | Not Eligible |
- 1 Construction to Permanent excludes attached condos and co-ops.
- 2 Manufactured home:
- a) Must meet requirements in Section 2.2.14; and
- 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).
- 3 Minimum 6 months reserves (PITIA) for 3-4 units.
- 4 Maximum loan amounts for AK and HI are $1,089,300 (1 unit), $1,394,775 (2 units), and $1,685,850 (3-4 units).
- 5 Available only for loan amounts eligible according to Fannie Mae high balance or Freddie Mac super conforming limits. For 2023, the GSEs have not established different high balance/super conforming amount for AK and HI. Refer to county specific loan limits to determine the maximum amount for a specific area.
- 6 Representative FICO using middle/lower method is required for underwriting and pricing purposes.
- 7 MI premium must be included in DTI for underwriting eligibility purposes and may be excluded from DTI for pricing purposes.