* Exceptions will NOT be considered for any Arc Elite, Conventional Investment, FNMA/FHLMC Second Home & Investment. *

** The exception form is located below the exception restrictions, please review the restrictions and continue to the bottom of the page. **

Exception Restrictions

At this time, Arc Home will not consider exceptions submitted for transactions when any of the items noted below are present.

Borrower Eligibility

  • Borrowers (U.S. Citizen, permanent or non-permanent resident alien) who do not have a valid and verifiable legal address within the U.S.
  • Personal transactions for owner/principal of mortgage brokerage or correspondent lender originated within own company

Debt Service Coverage Ratio (DSCR)

  • No Exceptions for true First Time Homebuyers who have never held ownership in a property.
  • The use of gift of equity
  • Intervivos Revocable Trusts
  • DSCR ratio below program minimum

All Program Requirements

  • Escrow waiver exceptions
  • Loan amounts less than minimum loan amount
  • LTVs greater than program maximum
  • Waiving more than four (4) months reserves for programs that require at least 12 months of reserves
  • Waiving reserves for programs that require six (6) months of reserves or less
  • Loan amounts greater than $4,000,000.00

Note: All loans must adhere to Higher-Priced Mortgage Loans (HPML)/Regulation Z and Ability to Repay/Qualified Mortgage (ATR/QM) regulations.

Fields marked with asterisk (*) are mandatory