JUMBO PRODUCTS
JMAC offers outstanding jumbo lending suited for your needs. Find out more about these lending options below.
SUBMIT A LOAN SCENARIO
Compare all 5 Jumbos - Side by Side
MALIBU - FULL-DOC QUALIFICATIONS WITH NON-QM GUIDELINES
INTEREST-ONLY CONFORMING AND JUMBO
Full-Doc Qualifications with Non-QM Guidelines - $125K to $3M Conforming and Jumbo with Interest-Only. Max. 50% DTI. Check out the aggressive pricing on Second Homes and Investment transactions with high-balance loan amounts. CASH-OUT – only 6 months seasoning.
Interest-Only offered up to $2M, with FICOs from 680
Max. 50%DTI
$125K to $3M
LTV up to 80% with FICOs from 680
Aggressive pricing on Second Homes and Investment with high-balance loan amounts
CASH-OUT – Only 6 months seasoning required
Unlimited cash-out up to 65% LTV
CASH-OUT can be used to meet half of the reserve requirement
No seasoning for Rate and Term to use current market value
MONTEREY JUMBO
Primary, Second Home and Investment Properties with Aggressive Pricing
Now Accepting High-Balance Loan Amounts
• 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 conforming 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
JUMBO PLUS+ PURCHASE, RATE/TERM and CASH-OUT
APPRAISAL TRANSFERS ACCEPTED
JumboPlus+ is ideal for borrowers who need to go above conventional loan limits but may not qualify on jumbo guidelines or may not have the requisite reserves.
Maximum 10 financed properties and maximum 10 total properties owned.
Max DTI to 50%
Maximum loan amount to $3.5M on Purchase and R/T
Unlimited cash-out up to 80% LTV
Stock assets can be use 100% of value to meet reserves
FICOs from 660
Follow closely to FNMA or FHLMC guides
One appraisal required up to $2M
Appraisal transfer allowed
30-Year Fixed
Living rent free allowed
Loan amount needs to be $1 higher than conforming limits
MALIBU PLUS PURCHASE, RATE/TERM AND CASH-OUT
AGGRESSIVE PRICING ADVISORY
15 and 30-year Fixed and SOFR Index ARMs: 5/6, 7/6 and 10/6
• 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
Manhattan PLUS PURCHASE, RATE/TERM AND CASH-OUT
Ideal for first-time home buyers with no mortgage or rental history.
Get Cash-Out up to 75% LTV
• 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