Jumbo Loans - WMM

PRIME JUMBO RELEASED (30-YEAR FIXED)

Loan amounts up to $3M
680+ FICO and up to 45% DTI
Up to 89.99% LTV
Eligible on primary, second and investment properties for purchases, rate/term and cash-out refinances
One appraisal required for loans up to $2M*
Two appraisals from two different appraisers required for loans over $2M*
Loan amounts greater than $2M require 18 months of reserves in addition to any reserves required by AUS

PRIME JUMBO (15- OR 30-YEAR FIXED)

Loan amounts up to $3M
680+ FICO and up to 45% DTI
Up to 89.99% LTV
UWM services these loans exclusively
Borrower solicitation protection
Eligible on primary, second and investment properties for purchases, rate/term and cash-out refinances
One appraisal required for purchases up to $3M and refinances up to $2M*
Two appraisals from two different appraisers required for refinances over $2M*
Loan amounts greater than $2M require 18 months of reserves in addition to any reserves required by AUS
Seller- and lender-paid Temporary Rate Buydowns available on primary and second home purchases for 30-Year Fixed

PRIME JUMBO ARMS (5-, 7- AND 10-YEAR)

Loan amounts up to $3M
680+ FICO and up to 45% DTI
Up to 80% LTV
Eligible on primary, second and investment properties for purchases, rate/term and cash-out refinances
One appraisal required for purchases up to $3M and refinances up to $2M*
Two appraisals from two different appraisers required for refinances over $2M*
Loan amounts greater than $2M require 18 months of reserves in addition to any reserves required by AUS

PRIME JUMBO MAX (30-YEAR FIXED)

Loans up to 85% LTV
Loan amounts up to $2.5M
700+ FICO and up to 43% DTI
Eligible for primary and second homes for purchases and rate/term and cash-out refinances
One appraisal required for loans up to $1.5M*
Two appraisals from two different appraisal companies required for loans over $1M*
For primary purchase loans up to $2M—9-12 months of reserves required
For second home loans over $2M-24 months of reserves required
For primary cash-out loans up to $2M—12 months of reserves required (up to $300,000 cash back)
For primary cash-out loans between $2M-$2.5M—24 months of reserves required (up to $500,000 cash back)
For second home cash-out loans up to $1M—12 months of reserves required (up to $300,000 cash back)
For second home cash out loans between $1M up to $1.5M—18 months of reserves required (up to $300,000 cash back)
Loans with an LTV between 85.01-89.99%
Loan amounts up to $1.5M
700+ FICO and up to 40% DTI
Eligible for primary purchases and rate/term refinances
One appraisal required for loans up to $1M*
Two appraisals from two different appraisers required for loans over $1M*
For primary purchase loans up to $1.5M—12 months of reserves required

PRIME JUMBO MAX ARMS (7- AND 10-YEAR FIXED)

Loan amounts up to $3M
700+ FICO and up to 43% DTI
Up to 80% LTV
Eligible for primary and second homes for purchases, rate/term and cash-out refinances
One appraisal required for loans up to $1.5M*
Two appraisals from two different appraisers required for loans over $1.5M*
For purchase and rate/term refinances
For primary purchase loans up to $3M—6-18 months of reserves required
For second home purchase loans up to $3M —12-18 months of reserves required
For cash-out refinances
For primary cash-out loans up to $1.5M—12 months of reserves required (up to $250,000 cash back)
For primary cash-out loans between $1.5M-$2M —15 months of reserves required (up to $500,000 cash back)
For second home cash-out loans up to $1.5M—12-18 months of reserves required (up to $250,000 cash back)
For second home cash out loans between up to $1.5M-$2M—18 months of reserves required (up to $500,000 cash back)