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NON-CONFORMING/JUMBO PRODUCTS

JMAC offers outstanding jumbo products suited for your needs.  Find out more about these lending options below.  

Click here for Jumbo Product Comparison

Click here for Correspondent Jumbo Product Comparison

Malibu

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• Aggressive pricing
• 90% LTV up to $1.5 Million on Purchase transactions with no MI
• Interest-Only for Owner-Occupied transactions up to 75% LTV
• Up to 4-Unit properties  on Owner-Occupied transactions
• 1 Unit only for Second Home and Investment transactions
• Eligible to US Citizens, Permanent and Non-Permanent Residents
• Loan amount needs to be $1 higher than the high-balance limit
• Gifts fund allowed on owner-occupied transactions after 5% from own funds


Laguna

Laguna is a premium jumbo product with aggressive pricing on purchase loans.

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•  Aggressive pricing on fixed and ARM programs
•  $453,101 Minimum Loan Amount
•  Rate reduction of .250 for ACH payment (any bank)
•  80% LTV/CLTV up to $2M min. 700 FICO
•  70% LTV/CLTV up to $3M min. 720 FICO
•  100% of the down payment from gift funds
•  Investment property to $2M
•  Only one appraisal required up to $3M loan amount
•  First-Time Homebuyers allowed


Manhattan

Ideal for Millennials with no mortgage or rental history.  In addition, Manhattan loans offer aggressive pricing on refinances.

•  Loans to $2.5M
•  Delayed financing allowed up to 50% with a $1M loan amount
•  Rental income allowed on departing property
•  Up to 8 financed properties allowed (max. 15 owned non-comm. properties)
•  100% reserve can be from retirement funds
•  First time home buyer: no mortgage or rental history required