But AMGC Community Heroes is also about recognizing the critical role of first-time homebuyers in flourishing communities and helping lenders qualify more of them for homeownership. Part of the impetus behind AMGC Community Heroes and AMGC Community Experts is to reward qualified borrowers for choosing a career focused on public service. Homeowners Enrich and Stabilize Towns and Cities There’s also an AMGC Community Experts program with 0% down payments for eligible degreed professionals like CPAs, Ph.D.s, architects, certified mortgage bankers and designated actuaries. AMGC is top-rated by Moody’s and Standard & Poor’s.ĪMGC Community Heroes is for eligible employees of educational institutions (public and private), fire departments, law enforcement agencies, medical care providers and current and former military.1% down payment (gifts and grants allowed).It’s offered through Arch Mortgage Guaranty Company (AMGC), which supports portfolio lenders for non-GSE loans and mortgages intended for private securitization.Ĭommunity Heroes is an MI solution with the flexibility and risk protection you need to help current renters become first-time homeowners: In the year ahead, how can you make homebuying less challenging even as home prices are expected to rise?Īt Arch MI, our AMGC Community Heroes program - focused on people in professions like teaching, public safety and medicine - can get first-time buyers back in the market with modest down payments.
Senior Vice President and Chief Marketing Officer
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