Jumbo

PRIME JUMBO (15- OR 30-YEAR FIXED)

• Loan amounts up to $3M

• 680+ FICO and up to 45% DTI

• Up to 89.99% LTV

• Borrower solicitation protection

• Eligible on primary, second and investment properties for purchases, rate/term and cash-out refinances

• One appraisal required for purchases up to $3M and refinances up to $2M*

• Two appraisals from two different appraisers required for refinances over $2M*

• Seller- and lender-paid Temporary Rate Buydowns available on primary and second home purchases for 30-Year Fixed

PRIME JUMBO RELEASED (30-YEAR FIXED)

• Loan amounts up to $3M

• 680+ FICO and up to 45% DTI

• Up to 89.99% LTV

• Eligible on primary, second and investment properties for purchases, rate/term and cash-out refinances

• One appraisal required for loans up to $2M*

• Two appraisals from two different appraisers required for loans over $2M*

PRIME JUMBO ARMS (5-, 7- AND 10-YEAR)

• Loan amounts up to $3M

• 680+ FICO and up to 45% DTI

• Up to 80% LTV

• Eligible on primary, second and investment properties for purchases, rate/term and cash-out refinances

• One appraisal required for purchases up to $3M and refinances up to $2M*

• Two appraisals from two different appraisers required for refinances over $2M*

PRIME JUMBO INTEREST ONLY (30-YEAR FIXED)

• Loan amounts up to $3M

• 700+ FICO and up to 43% DTI

• Up to 80% LTV

• 10-year interest only, 20-year amortization period

• Eligible for primary and second homes for purchases and rate/term refinances

• One appraisal required for purchases up to $3M and refinances up to $2M*

• Two appraisals from two different appraisers required for refinances over $2M*

PRIME JUMBO MAX (30-YEAR FIXED)

• Loans up to 85% LTV

  • Loan amounts up to $2.5M

  • 700+ FICO and up to 43% DTI

  • Eligible for primary and second homes for purchases and rate/term and cash-out refinances

  • One appraisal required for loans up to $1.5M*

  • Two appraisals from two different appraisal companies required for loans over $1M*

  • For primary purchase loans up to $2M—9-12 months of reserves required

  • For second home loans over $2M-24 months of reserves required

  • For primary cash-out loans up to $2M—12 months of reserves required (up to $300,000 cash back)

  • For primary cash-out loans between $2M-$2.5M—24 months of reserves required (up to $500,000 cash back)

  • For second home cash-out loans up to $1M—12 months of reserves required (up to $300,000 cash back)

  • For second home cash out loans between $1M up to $1.5M—18 months of reserves required (up to $300,000 cash back)

• Loans with an LTV between 85.01-89.99%

  • Loan amounts up to $1.5M

  • 700+ FICO and up to 40% DTI

  • Eligible for primary purchases and rate/term refinances

  • One appraisal required for loans up to $1M*

  • Two appraisals from two different appraisers required for loans over $1M*

  • For primary purchase loans up to $1.5M—12 months of reserves required

PRIME JUMBO MAX ARMS (7- AND 10-YEAR FIXED)

• Loan amounts up to $3M

• 700+ FICO and up to 43% DTI

• Up to 80% LTV

• Eligible for primary and second homes for purchases, rate/term and cash-out refinances

• One appraisal required for loans up to $1.5M*

• Two appraisals from two different appraisers required for loans over $1.5M*

• For purchase and rate/term refinances

  • For primary purchase loans up to $3M—6-18 months of reserves required

  • For second home purchase loans up to $3M —12-18 months of reserves required

• For cash-out refinances

  • For primary cash-out loans up to $1.5M—12 months of reserves required (up to $250,000 cash back)

  • For primary cash-out loans between $1.5M-$2M —15 months of reserves required (up to $500,000 cash back)

  • For second home cash-out loans up to $1.5M—12-18 months of reserves required (up to $250,000 cash back)

  • For second home cash out loans between up to $1.5M-$2M—18 months of reserves required (up to $500,000 cash back)