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10/22/2026 - Jumbo Update - Everglades Jumbo AUS

10/22/2026 - Jumbo Update - Everglades Jumbo AUS

Effective immediately for all pipelines loans, the Everglades Underwriting section of the product summary has been updated to add the following guideline.

Current Policy

  • DU Approve/Ineligible; Ineligible due to loan amount  

  • Loan Amount or Combined Loan Amount ≤ $2,000,000 

  • Follow DU for income and asset documentation  

  • Loan Amount or Combined Loan Amount > $2,000,000  

  • Provide two years’ income documentation  

  • Provide two months bank statements/asset documentation 

  • Manual underwrite not permitted 

New Policy

DU Findings may reflect: 

  • Approve/Eligible 

  • Approve/Ineligible when the only reasons for “Ineligible” are due to one or all of the following: 

  • Loan amount exceeds Agency limits, and/or 

  • LTV/CLTV exceeds maximum permitted by Fannie Mae, but is within current eligibility matrix 

  • Loan Amount or Combined Loan Amount ≤ $2,000,000 

  • Follow DU for income and asset documentation  

  • Loan Amount or Combined Loan Amount > $2,000,000  

  • Provide two years’ income documentation  

  • Provide two months bank statements/asset documentation 

  • Manual underwrite not permitted 

 

Resource: AllRegs > Jumbo Guidelines > Everglades Jumbo AUS Product Summary 

 

Questions? Please reach out to your account executive.