Key figures.
- Credit
- Per AUS
- LTV up to
- 97%
- 1-unit primary, purchase & rate/term
- Loans to
- $1,625,350
- 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 | Not offered |
| 2–4 unit primary | Per AUS score95% LTVloans to $1,625,350 | Not offered |
What to know.
- One-unit financing
- Up to 97% LTVEligible primary purchase / rate-and-term transactions; fixed rate.
- Income eligibility
- Up to 80% of AMIUse the property’s location and the borrower’s qualifying annual income.
- 2–4 units
- Up to 95% LTVPrimary residence, subject to LPA and property requirements.
- Non-occupant borrower
- Up to 95% LTVOne-unit fixed-rate path with applicable borrower requirements.
- Loan amounts
- Standard conforming onlyThe supplied JMAC matrix excludes super-conforming loan amounts.
- Terms
- 30-year fixedEligible Affordable Seconds have separate combined-leverage 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
- ConventionalHomeReadyFannie Mae’s affordable-lending option
- Score
- Per AUS
- LTV
- 97%
- Loan
- $2,438,025
- ConventionalHomeOneA conventional path for eligible first-time buyers
- Score
- Per AUS
- LTV
- 97%
- Loan
- $845K
- ConventionalFreddie Mac ConformingConventional financing through Loan Product Advisor
- Score
- Per AUS
- LTV
- 95%
- Loan
- $2,438,025
Questions brokers ask.
How should I check the income limit?
Compare qualifying annual income to 80% of the area median income for the property’s location. Review the eligibility tool and LPA findings for the specific loan.
Do reserves differ for multi-unit properties?
The guide calls for two months of PITIA on two- to four-unit properties, subject to LPA findings. Required reserves must meet the source-of-funds rules.
Your next borrower. Our next conversation.
Bring us your next Home Possible loan.
Send the scenario, ask JMAC a question, or get set up with your lending team.