Tuesday, May 8, 2012


Financed MI-please note that investors have a total LTV cap for these (the product maximum).  For example, PHH, US Bank and ST will not exceed 95% total LTV on a standard purchase for a 1-unit primary.  On this scenario, Lake Michigan allows up a total LTV of 97%.  Second homes through DU would be maxed at 90% total LTV.  Investment is not eligible for financed MI.

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