Key figures.
- Credit
- Per AUS
- LTV up to
- 95%
- 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 score95% 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.
- Primary purchase / R&T
- Up to 95% LTVStandard-conforming one- to four-unit properties; high-balance overlays apply.
- Second home
- Up to 90% LTVPurchase / rate-and-term; cash-out has a lower limit.
- One-unit investment
- Up to 85% LTVPurchase / rate-and-term; underwriting and property requirements still apply.
- Underwriting
- Loan Product AdvisorReview LPA findings and JMAC’s program overlays together.
- Loan amount
- Applicable county & unit limitsHigh-balance and manufactured-home treatment require separate checks.
- Low-down-payment paths
- Home Possible & HomeOneThese programs have separate borrower and transaction requirements.
- 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
- ConventionalFannie Mae ConformingConventional financing through Desktop Underwriter
- Score
- Per AUS
- LTV
- 97%
- Loan
- $2,438,025
- ConventionalHome PossibleFreddie Mac’s affordable-lending option
- Score
- Per AUS
- LTV
- 97%
- Loan
- $1,625,350
- ConventionalHomeOneA conventional path for eligible first-time buyers
- Score
- Per AUS
- LTV
- 97%
- Loan
- $845K
Questions brokers ask.
What changes for high-balance multi-unit properties?
The JMAC Freddie Mac matrix limits high-balance two-unit loans to 85% and three- to four-unit loans to 80% for the listed purchase / rate-and-term structures.
Can a purchase figure be used for cash-out?
No. Cash-out has separate occupancy and unit-count limits. Review the proposed purpose before using a leverage figure.
Your next borrower. Our next conversation.
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