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monterey JUMBO RESOURCE GUIDE

The Monterey program is an innovative jumbo lending option with consistently aggressive pricing on purchase. 

LOAN FEATURES:

  • Loan amounts from $100K to $2M and 1-4 Units

  • 95% LTV/CLTV Purchase and R&T up to $2M

  • 95% LTV/CLTV Unlimited Cash-Out up to $2M

  • Investment up to 85% on 1-4 Units up to $2M Purchase and R&T

  • RSU (restricted stock income) allowed with 2 years history

  • Non-occupant co-borrowers and gift funds allowed – primary borrower must qualify up to 60% DTI

  • Payoff of revolving debts to qualify is allowed

  • No seasoning to use current market value on R&T refinance

  • Up to 15 financed properties

  • ARMs and Fixed products available with 40-year Interest Only Options

  • Recently listed property can take cash-out 1 day off the market

  • Exclude current mortgage from qualification

  • Non-Warrantable condo allowed


MONTEREY RESOURCES


 CONTACT US - WE'RE HERE TO HELP

Our expert Senior Account Executives provide clear communication and attentive guidance to help you select the right product and work quickly to close your Non-QM loans. 

CAN'T WAIT - GIVE US A CALL

844.888.JMAC (5622)
sales@JMACLending.com

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