JUMBO PLUS Big Loans with Flexible Options
New from JMAC Lending, JumboPLUS+ is ideal for borrowers who need to go above county limits but may not qualify on the Jumbo guidelines or may not have the requisite reserves.
Appraisal Transfers Accepted
No reserves on loan amounts up to $1 million max 80% LTV, subject to DU and LPA findings. For LTV >= 80%, minimum of 6 months reserve required.
Loan amounts to $3M
Up to 89.99% LTV with no Mortgage Insurance
FICOs from 660 with max. DTI 45% across all transactions and property types, subject to DU/LPA
Purchase, Rate/Term and Cash-Out
Primary and Second Homes, and Investment
SFR, PUD, Condo, and 2-4 units
Unlimited cash-out up to max. LTV
Borrowers living rent free is permitted, with no previous housing history
Follows Agency forbearance guidelines
Loan amount must be $1 higher than county limits
JumboPLUS+ is ideal for:
First-time home buyers living rent free with no previous rental history
Borrowers without reserves or only 6 months of reserves
Aggressive Jumbo pricing
Jumbo Comparisons
Contact your Account Executive or email Sales@JMACLending.com for more information. Become an Approved Broker today. Click the link below:
