Jumbo

Min. FICO 720
Up to 80% CLTV

Program Overview:

Large-balance financing for strong credit borrowers with standard documentation, adhering to safe-harbor QM standards.

Broker Advantage:

  • Elite Power: Secure financing up to $3,000,000 for luxury properties.
  • PMI Waiver: Zero Private Mortgage Insurance required on any loan tier.
  • Size Without MI: High-leverage loans up to $3M with no MI required.

Highlights:

  • FICO: Min 680 (up to $1M); 740 (for $3M).
  • LTV (Purchase): Up to 85%.
  • LTV (Cash-Out): Up to 80% (Primary).
  • Ratios: Maximum 45% DTI.
  • Loan Amounts: Max $3,000,000; Min $1 > Agency limit.
  • Reserves: Tiered up to 18 months; 6 months for loans $\le$ $2M$.
  • Gift Funds: Acceptable after 5% borrower contribution.

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DSCR FAQ

What is a jumbo loan?

A loan exceeding conforming limits.

Is mortgage insurance required?

No.

What credit score is required?

Typically 720 minimum.

What is the maximum LTV?

Up to 80%.

What properties are eligible?

Primary residences and second homes.

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