Jumbo Plus.
Jumbo financing with agency underwriting findings
Ask JMAC about Jumbo Plus
Brokers often ask
Program highlights.
- Non-occupant co-borrowers eligible
- Up to 50% DTI
Key figures.
- Score from
- 660
- Primary, purchase & rate/term
- LTV up to
- 80%
- at 660+ to $1.5M
- Loans to
- $3.5M
- at 740+ and 70%
Limits at a glance.
See the full matrix in the guidelinesMax LTV for
Primary
| Score | To $1M | $1M–1.5M | $1.5M–2M | $2M–2.5M | $2.5M–3M | $3M–3.5M |
|---|---|---|---|---|---|---|
| 740+ | 80% | 80% | 80% | 80% | 75% | 70% |
| 720–739 | 80% | 80% | 80% | 80% | Not offered | Not offered |
| 700–719 | 80% | 80% | 80% | Not offered | Not offered | Not offered |
| 680–699 | 80% | 80% | Not offered | Not offered | Not offered | Not offered |
| 660–679 | 80% | 80% | Not offered | Not offered | Not offered | Not offered |
Second home
| Score | To $1M | $1M–1.5M | $1.5M–2M |
|---|---|---|---|
| 720+ | 80% | 80% | 75% |
| 700–719 | 80% | 80% | 75% |
| 680–699 | 80% | 80% | Not offered |
Investment
| Score | To $1.5M | $1.5M–2M |
|---|---|---|
| 720+ | 75% | 70% |
| 700–719 | 75% | 70% |
Property, state and borrower rules can lower these. See every rule in the Jumbo Plus guidelines
What to know.
- Loan ceiling
- Up to $3.5MPrimary purchase / rate-and-term at 740+ FICO and up to 70% LTV.
- Primary purchase / R&T
- Up to 80% LTVThrough $1.5M at 660, $2M at 700, or $2.5M at 720 FICO.
- Maximum DTI
- 50%AUS and all applicable program requirements still apply.
- Occupancy
- Primary · Second home · InvestmentEach occupancy has its own purchase and cash-out tiers; second-home and investment cash-out split out condos.
- Terms
- 30-year fixedEligible temporary buydown structures are listed separately in the guide.
- Underwriting
- DU or LPAIneligible findings must be due to loan amount only.
- Ways to qualify
- Full docNot offered: bank statements, P&L only, WVOE only, asset utilization, DSCR, ITIN, foreign national and recent credit event.
Each opens every JMAC program that takes that paperwork.
Questions brokers ask.
What is the minimum loan amount?
The loan must be at least $1 above the applicable conforming limit. Confirm the property and loan-limit basis before selecting the program.
Can a cash-out use the purchase limit?
No. Primary cash-out has its own tiers to $2M: 80% to $1M at 680+, then 75% to $1.5M and 70% to $2M at 700+. Second-home and investment cash-out limits are lower.
Bring us your next Jumbo Plus loan.
Send the scenario, ask JMAC a question, or get set up with your lending team.