Prime Jumbo Max (30 Year Fixed)

Lendco 365 has multiple Prime Jumbo products designed to help you choose more loans vs. big banks and retail lenders. Each is tailored to borrowers with different circumstances.

Loans up to 80% LTV
o Loan amounts up to $2.5M
o 700+ FICO and up to 43% DTI
o Eligible for primary and second homes for purchases and rate/term
and cash-out refinances
o One appraisal required for loans up to $2M*
o Two appraisals, from two different appraisal companies, required for loans over $2M*
o For primary purchase loans up to $2M – 12 months reserves required
o For primary cash out loans up to $1M – 12 months reserves required
(up to $300,000 cash back)
o For primary and second home loans over $1M – 18 months reserves required (up to $300,000 cash back)
o For primary cash out loans between $1.501-$2M – 12 months reserves required (up to $500,000 cash back)
Loans with an LTV between 80.01-96.5%
o Loan amounts up to $1.5M
o 720+ FICO and up to 40% DTI
o Eligible for primary purchases and rate/term refinances
o One appraisal required for loans up to $1M*
o Two appraisals, from two different appraisers, required for loans
over $1M*
o For primary purchase loans up to $1.5M – 24 months reserves
required
o No Mortgage Insurance required