Key figures.
- Credit
- Per AUS
- LTV up to
- 97%
- 1-unit primary, purchase & rate/term
- Loans to
- $2,438,025
- High balance, 2–4 unit primary, purchase & rate/term
Limits by occupancy.
Score · LTV · Loan in each cell, with the tier each needs beneath.
| Occupancy | Purchase & rate/term | Cash-out |
|---|---|---|
| 1-unit primary | Per AUS score97% LTVloans to $845K | Per AUS score80% LTVloans to $845K |
| 2–4 unit primary | Per AUS score95% LTVloans to $1,625,350 | Per AUS score75% LTVloans to $1,625,350 |
| Second home | Per AUS score90% LTVloans to $845K | Per AUS score75% LTVloans to $845K |
| Investment | Per AUS score85% LTVloans to $1,625,350 | Per AUS score75% LTVloans to $1,625,350 |
| High balance, 1-unit primary | Per AUS score95% LTVloans to $1,267,500 | Per AUS score80% LTVloans to $1,267,500 |
| High balance, 2–4 unit primary | Per AUS score85% LTVloans to $2,438,025 | Per AUS score75% LTVloans to $2,438,025 |
| High balance, second home | Per AUS score90% LTVloans to $1,267,500 | Per AUS score75% LTVloans to $1,267,500 |
| High balance, investment | Per AUS score85% LTVloans to $2,438,025 | Per AUS score75% LTVloans to $2,438,025 |
What to know.
- One-unit primary
- Up to 97% LTVEligible fixed-rate, standard-conforming transactions only; agency 97% requirements apply.
- 2–4 unit primary
- Up to 95% LTVPurchase / rate-and-term at standard-conforming amounts. High-balance limits are lower.
- Other occupancy
- Second home & investmentSeparate transaction, property and leverage limits apply.
- Underwriting
- Desktop UnderwriterUse DU findings together with JMAC’s program overlays.
- Loan amount
- Applicable county & unit limitsConfirm standard-conforming versus high-balance treatment.
- Mortgage insurance
- Review above 80% LTVMI eligibility and credit requirements apply alongside the loan matrix.
- Ways to qualify
- Full docNot offered: bank statements, P&L only, WVOE only, asset utilization, DSCR, ITIN, foreign national and recent credit event.
Documents.
Other programs.
Compare with
- ConventionalFreddie Mac ConformingConventional financing through Loan Product Advisor
- Score
- Per AUS
- LTV
- 95%
- Loan
- $2,438,025
- ConventionalHomeReadyFannie Mae’s affordable-lending option
- Score
- Per AUS
- LTV
- 97%
- Loan
- $2,438,025
- High-Balance programsFor eligible high-cost markets above the standard conforming limit. Compare the agency paths with the county, unit count and transaction in view.
Questions brokers ask.
Do high-balance multi-unit loans use the 95% limit?
No. The JMAC Fannie Mae matrix limits high-balance two-unit loans to 85% and three- to four-unit loans to 75% for the listed purchase / rate-and-term structures.
How do manufactured homes differ?
The matrix has separate manufactured-home credit, leverage, occupancy and term limits. Manufactured homes are limited to conforming loan amounts and primary occupancy.
Your next borrower. Our next conversation.
Bring us your next Fannie Mae Conforming loan.
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