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Expanded Jumbo Program | Client Announcement 2021-03-03

Did you hear the exciting news?!

Fairway Wholesale Lending has expanded our Jumbo loan program allowing you to offer your borrowers even greater financing flexibility!

This expanded program at Fairway Wholesale Lending now features loan-to-value ratios up to 80%, minimum qualifying credit score of 720, up to 43% debt-to-income ratio, and loan amounts up to $3 million.

"In today's challenging market, we are proud to offer this nationwide program for our partners to extend a viable solution for their clients who seek to buy or refinance using the Jumbo loan option," said Al Hecklinski, SVP Fairway Wholesale Lending.

 

Program Guidelines:

  • Loan Amounts up to $3 Million
  • Primary Residences & Second Homes
  • Purchase, Rate/Term & Cash-Out Refinance Options
  • Up to $350,000 Cash Back
  • 15 & 30 Year Fixed Rate Options
  • Up to 80% LTV/CLTV
  • Up to 43% DTI
  • Minimum 720 FICO
  • Gift Funds Allowed
  • First-Time HomeBuyer Options up to $1,500,000*
  • 1-2 Unit Properties
  • Condos / PUDs
  • Co-ops
  • CEMAs - New York Only
  • Up To 20 Acres


*Additional restrictions apply to FTHB. Refer to product guidelines for requirements.

**Product eligibility may vary based on occupancy, LTV, and minimum FICO.

 

For full details about our Jumbo Home Loan Program contact us today!

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