top of page
JUMBO OPTION 2

JUMBO OPTION 2

  • Loans to $3M

  • Primary, Second homes and Investment Properties

  • SFR, PUD, Condo, 2-4 Unit property types

  • Loan amount needs to be $1 higher than county loan limits

  • FICOs from 720

  • Max. DTI up to 43%

  • 100% of funds to meet reserve can come from retirement accounts

  • Fixed 15- and 30-year and 5/6, 7/6 and 10/6 SOFR ARMs

  • U.S. citizens and permanent residents only

PRODCUT GUIDELINES

MARKET CLASSIFICATION

MSA / MHP

JUMBO OPTION 4 PLUS       PURCHASE, RATE/TERM AND CASH-OUT

JUMBO OPTION 4 PLUS PURCHASE, RATE/TERM AND CASH-OUT

  • Loans to $2.5M

  • 80% LTV to $1.5M

  • FICOS from 680

  • 30-year fixed

  • Owner-occupied and second-home transactions

  • 2 to 4-units

  • Appraisal Transfers Accepted

  • Loan Amount must be $1 higher than conforming limits

PRODCUT GUIDELINES

MARKET CLASSIFICATION

MSA / MHP

JUMBO PLUS+ PURCHASE, RATE/TERM AND CASH-OUT
APPRAISAL TRANSFERS ACCEPTED

JUMBO PLUS+ PURCHASE, RATE/TERM AND CASH-OUT
APPRAISAL TRANSFERS ACCEPTED

  • Loans to $3M

  • Max. LTV/CLTV is 89.99%

  • Owner-Occupied, Second Homes and Investment
    FICOS from 660 with max. DTI 45%

  • No reserves on loan amounts up to $1.0M, subject to DU findings

  • Loans above $1.0M with up to 80% LTV require only 6 months of reserves

  • No rental history required for first-time homebuyers living rent-free

  • Loan amount must be $1 higher than county limits
    Unlimited cash-out up to max. LTV


PRODCUT GUIDELINES

MARKET CLASSIFICATION

MSA / MHP

JUMBO OPTION 1    PURCHASE, RATE/TERM AND CASH-OUT

JUMBO OPTION 1 PURCHASE, RATE/TERM AND CASH-OUT

  • Loans to $3M for fixed on primary for purchase and R/T refinance

  • Primary and second homes
    SFR, PUD or Condo

  • Loan amount needs to be $1 higher than conforming loan limits

  • Purchase up to 85% LTV and R/T up to 80% LTV

  • Cash-out up to 70% LTV

  • Minimum FICO 700 for fixed and 720 for ARMs

  • 100% of down payment can be from gift funds
    Minimum required reserves are 12 months PITI on the subject property

  • Permanent and non-permanent residents

PRODCUT GUIDELINES

MARKET CLASSIFICATION

MSA / MHP

JUMBO OPTION 3 PLUS    PURCHASE, RATE/TERM AND CASH-OUT

JUMBO OPTION 3 PLUS PURCHASE, RATE/TERM AND CASH-OUT

  • Loans to $3.0M up to 80% LTV for Purchase

  • Loans to $2.5M for Investment

  • Owner-Occupied, Second Homes and Investment
    FICOs from 660

  • Non-occupant co-borrower allowed, with restrictions

  • No reserves on loan amounts to $1.0M max. at 80% LTV, subject to DU or LPA  findings 

  • Loan amount must be $1 higher than conforming limits

  • Primary and Second Home Cash-out up to $500K; Investment Cash-Out up to $350K

  • SFR, PUD and Condos, 2 to 4 units

  • Up to 10 financed properties; 15 REOs owned

PRODCUT GUIDELINES

MARKET CLASSIFICATION

MSA / MHP

Highly competitive interest rates. Flexible terms. Tailored options. Loan amounts up to $25 million or more. Jumbo loans can be the right fit when purchasing a luxury home or high-priced investment property

Market Insights

Add paragraph text. Click “Edit Text” to customize this theme across your site. You can update and reuse text themes.

Category Here

Date Here

Market Insights

Add paragraph text. Click “Edit Text” to customize this theme across your site. You can update and reuse text themes.

Category Here

Date Here

Market Insights

Add paragraph text. Click “Edit Text” to customize this theme across your site. You can update and reuse text themes.

Category Here

Date Here

Market Insights

Add paragraph text. Click “Edit Text” to customize this theme across your site. You can update and reuse text themes.

Category Here

Date Here

Market Insights

Add paragraph text. Click “Edit Text” to customize this theme across your site. You can update and reuse text themes.

Category Here

Date Here

Market Insights

Add paragraph text. Click “Edit Text” to customize this theme across your site. You can update and reuse text themes.

Category Here

Date Here

Industry Insights, Commentary & Analysis from Our Leadership Team to Yours

The best way to stay relevant and top of mind for your clients is a stream of valuable industry information, insights and analysis. Our leadership has over 40 years of experience in the business and is here to curate all the intel you need on the market land scape, product value and positing you need to drive your business.

GET APPROVED

bottom of page