Plaza News + Updates

BIG News: Your Jumbo ARM Made Simple

Posted by Plaza Wholesale on October 28, 2022

Now you can offer your borrowers flexibility with 7/6 and 10/6 hybrid ARMs with the Jumbo AUS 3 from Plaza Home Mortgage®.

With loan amounts starting at $400k (yes, Agency eligible loan amounts may qualify) and up to $2M, the Jumbo AUS 3 program can help you stay competitive in any market. And depending on the scenario, it may be a well-priced alternative to our other Jumbo AUS fixed programs.

Jumbo AUS 3 Highlights:

  • Loan amounts from $400K - $2 million (Agency eligible loans $400K and up allowed)
  • 7/6 and 10/6 Hybrid ARM
  • DU® for standardized doc requirements
    • Primary residence - 1-unit SFR, PUD, Condo
    • Purchase, Rate/Term, Cash-out
    • Purchase and R/T to 80% LTV
    • First-Time Homebuyers eligible for up to $1,250,000

See our full suite of Jumbo AUS programs to help you find the right Jumbo financing for your clients.

Topics: Wholesale News, Wholesale Program Updates, National Correspondent News, Plaza at a Glance, Mini-Correspondent News, National Correspondent Program Updates, Mini-Correspondent Program Updates

See All Posts