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THE JMAC JUMBO Manhattan Plus

JMAC Lending’s Manhattan Plus JUMBO program lets you compete with banks to grow your jumbo business. Product guidelines are simple to follow. Get Quick approval and Fast Turn Times.

Loans to $2.5 million - Cash-Out for Owner-Occupied up to 75% LTV for 1 unit

  • Loan amounts to $2.5M

  • 80% LTV to $1.5M

  • Min. 680 FICO with max. 65% LTV

  • Purchase, Rate/Term and Cash-Out

  • Owner-occupied and Second Homes

  • 30-year fixed

  • Must be $1 higher than the Standard Conforming Limits based on property type

  • 2 to 4-units

  • Business funds accepted for reserves

  • Combining non-purchase 2nd liens seasoned 12 months considered R&T

  • Gift funds permitted after a minimum of 5% from borrower’s own funds

This product is ideal for:

  • First-time home buyers with no rental history living rent-free

  • Borrowers who want to use gift funds for down payment

  • Jumbo pricing