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secondary Products
 

closed-end second lien (FNMA)

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• Second Lien is required to close concurrently behind JMAC Lending’s FNMA
   loans on Purchase, Rate/Term, and Cash Out
• $50,000 min.
• $1.5 Million combined max. loan amount
• 1-4 units
• Owner-occupied and second homes
• First-time home buyer allowed on purchase transactions only