JUMBO Alternative

Product Description

Among the various new Portfolio Products offered by MFG is the Jumbo Alternative Program.

For borrowers who can demonstrate the ability to repay and are looking for higher loan amounts with more flexible guidelines, the Jumbo Alternative Program can provide the perfect lending solution.

Contact your Manhattan Financial Group, Inc. Account Executive or Loan Coordinator to answer any questions you have about our 200 Series Portfolio Products. If you are not already an MFG approved broker, one of our Account Executives will walk you through the approval process, our loan products and online loan pricing and submission software (BRIDGE).

JUMBO Alternative

* 50% DTI

* Interest Only Option

* No MI over 80% LTV

* Asset Depletion as Income Source

* Up to 50 acres

* 100% gift from family members

* Max 10 financed properties for second home

 Product Features

* Owner Occupied and Second Home

* Non Warrantable Condos

* Minimum Loan Amount $100K

* 660 Minimum Fico, 85% LTV, $2,500,000 LA - Purchase and Rate & Term

* 660 Minimum Fico, 80% LTV, $1,500,000 LA - Cashout Refinance

* 30 Year Fixed, 30 Year Fixed IO and 5/1 ARM, 5/1 ARM IO

200 Series Portfolio Products

Fresh Start   |   Investment   |   JUMBO Alternative   |   Foreign National   |   Homeowner's Access

Matrices PDF - MFG Banking

200 Series Guidelines