Jumbo Loans With 3.5 Down | Loan Options Available To You

Big News! My team and I have some new Jumbo Loan products to offer you. With lower down payments and less requirements, jumbo loans might be an option available to you. Check it out below for the rundown on these products, and let’s get in touch if you have any questions, or you’re ready to get started!

Introduction (00:00)
Guidelines to Jumbo Loans (01:26)
Jumbo Adjustable Rate Mortgages - We Got Em! (03:00)
Jumbo Interest Only (04:06)
Down Payment Options for Jumbo Loans (05:50)
Ready to Get Started With a Jumbo Loan? Get in Touch! (09:13)

📢 Ready to get started with a broker? Start here

JUMBO LOAN PRODUCTS
UWM has multiple Prime Jumbo products designed to help you win more loans vs. big banks and retail lenders. Each is tailored to borrowers with different circumstances — however, they all have a few similarities:
Loan amounts starting at $1 over the county loan limit
No MI required
Run through DU, receive an approve/ineligible response and submit to UWM
Restricted Stock Unit (RSU) income accepted
Available on Texas Conversion loans

PRIME JUMBO (15- OR 30-YEAR FIXED)
Loan amounts up to $3M
680+ FICO and up to 45% DTI
Up to 89.99% LTV and no MI required
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

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 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 purchase 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 INTEREST ONLY (30-YEAR FIXED)
Loan amounts up to $3M
700+ FICO and up to 43% DTI
Up to 80% LTV
10-year interest only, 20-year amortization period
Eligible for primary and second homes for purchases and rate/term 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 up to $1M require 12 months of reserves in addition to any reserves required by AUS
Loan amounts over $1M require 24 months of reserves in addition to any reserves required by AUS

PRIME JUMBO MAX (30-YEAR FIXED)
Loans up to 80% 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 $2M*
Two appraisals, from two different appraisal companies, required for loans over $2M*
For primary purchase loans up to $2M – 12 months reserves required
For second home loans over $2M – 18 months reserves required
For primary cash out loans up to $1M – 12 months reserves required (up to $300,000 cash back)
For primary and second home loans over $1M – 18 months reserves required (up to $300,000 cash back)
For primary cash out loans between $1.501-$2M – 12 months reserves required (up to $500,000 cash back)
For second home cash out loans between $1.501-$2M – 18 months reserves required (up to $500,000 cash back)
Loans with an LTV between 80.01-96.5%
Loan amounts up to $1.5M
720+ 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 – 24 months reserves required
*Appraisal waivers are not applicable on Prime Jumbo, Prime Jumbo Released, Prime Jumbo ARMs, Prime Jumbo Interest Only and Prime Jumbo Max.

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[MattTheMortgageGuy]

⚠⚠ UPDATE!! ⚠⚠ Loan guidelines change all the time. 3.5% and 5% down Jumbo programs have halted at my favorite lender. 10% down is now the minimum I am seeing.

[justcallmebon]

0% down physician loan for the win! 🙌🏽

[moneyversefin]

This was great! Extremely enlightening. Thank you!!

[Blacbeauti]

So to be clear, I can use the jumbo loan on an investment or secondary home?

[ramsrnja]

Do you have an update video on jumbos for right now?

[glowigrnavarro]

How do I get a jumbo and what it consists payment and years

[bearick]

Do you happen to have a lender that does 15% down Jumbo on a 1M-1.05M home purchase? We are looking at homes in Wilton (S. Sacramento County) with a 795 credit score. I’d be curious as to the requirements (PMI? Reserves?) etc.

[yayyay]

Would this be the loan to apply for in order to rent out the house

[MattyCool]

10% down, $3M Jumbo loan on investment property?

[GuzWorks]

Does your firm offer FHA Construction to Perm?