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JUMBO LOAN PRODUCTS

PURCHASE | REFINANCE | CASH OUT | FIRST-TIME HOMEBUYERS

 

 

AMG has multiple Prime Jumbo products designed to help borrowers with different scenarios: purchase, refinance and cash out options.


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
  • 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 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 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 $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 80.01-89.99%
    • 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—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)


*Appraisal waivers are not applicable on Prime Jumbo, Prime Jumbo Released, Prime Jumbo ARMs, Prime Jumbo Interest Only, Prime Jumbo Max and Prime Jumbo Max ARMs.

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ROBERT FOREMAN - NMLS 916099

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AZ MORTGAGE GROUP LLC

7010 East Acoma Drive, Scottsdale, Arizona 85254, United States

(480) 415-0783

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Robert Foreman | NMLS 916099 | AZ MORTGAGE GROUP

7010 E Acoma Dr STE 101, Scottsdale, AZ 85254

(480) 415-0783

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