10/22/2026 - Yosemite Jumbo Updates AUS Guidelines
Effective immediately for all pipeline loans unless otherwise noted, the Yosemite AUS Product Summary/Guide has been updated with the following guidelines.
ARM — Minimum Loan Amount
Effective for new locks on or after October 22, 2026
- Current policy: In New York, the minimum ARM loan amount must be $1 above the conforming/high-balance limit set by FHFA.
- New policy: The minimum ARM loan amount is $350,000 in all states.
Eligible Borrowers
Permanent Resident Aliens
- Current policy: Eligible with evidence of lawful residency and at least 24 months of U.S. employment.
- New policy: Eligible with evidence of lawful residency. The 24-month U.S. employment requirement has been removed.
Non-Permanent Resident Aliens
Eligible with evidence of lawful residency, subject to the following:
- Primary residence only.
- Borrower must have a current 24-month U.S. employment history.
- Maximum LTV is 95%.
- Documentation evidencing lawful residency is required.
- New policy: A valid visa or other documentation of eligible lawful status and work authorization is required. Pending visa extensions are permitted with proof of timely filing and continued authorization.
- Previous policy: An unexpired visa was required.
Ineligible Borrowers
- Current policy: DACA.
- New policy: Deferred Action, including DACA or EAD C14.
Ineligible Products
- Current policy: No specific guidance.
- New policy: New York subprime loans are ineligible.
ARM Features
Qualifying Rates
- 5/6 ARM: Qualify using the greater of:
- The fully indexed rate, or
- The note rate plus 2%.
- 7/6 and 10/6 ARMs: Qualify using the greater of:
- The fully indexed rate, or
- The note rate.
The previous references to New York minimum loan limits and Rebuttable Presumption for 5/6 ARMs have been removed from this section.
Ineligible Assets
- Current policy: No specific guidance.
- New policy: Funds held in 529 College Savings Plans are ineligible.
Appraisal Requirements
- Current policy: No guidance on UAD 3.6.
- New policy: Details have been added regarding UAD 3.6 acceptance.
Eligible Properties
Maximum Subject-Property Acreage
- 20-, 25-, or 30-year fixed-rate loans: Up to 40 acres.
- ARMs: Up to 10 acres.
- 15-year fixed-rate loans: Up to 10 acres.
- Previous policy: Properties of up to 40 acres were eligible without distinctions by loan type.
Resource
- AllRegs: Jumbo Guidelines → Yosemite → Yosemite AUS Jumbo Product Summary
Questions? Please reach out to your account executive.