JUMBO SERIES C

Have you priced out the Jumbo Series C program yet?
Highlights

  • No pricing hits on refinances, purchases, or condos up to $1M
  • 15 Year Fixed or 5/1 ARM
  • Loan Amounts up to $2M
  • Primary and Second Home: Single Family and Condos
  • Gifts are eligible on owner occupied loans with a minimum downpayment of 25% from the borrower's own funds.

Jumbo Series C is a market leading product with competitive rates for both 5/1 ARM and 15 year fixed options for your jumbo borrowers.

Appraisal Requirements:

  • Loans ≤ $1,000,000 require 1 full appraisal
  • Loans >$1,000,000 require 2 full appraisals

 

Eligibility Guidance:

jumboc

 

When reviewing the matrix, be sure to check the reserve requirements (increased in some buckets), loan amount, FICO and LTV restrictions, and requirements for subordinate financing.

^Additional Reserves may be required based on the number of financed properties owned.
Currently not available in AZ, CA, MI, NV, AK, or HI

RESOURCES

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