SUBJECT: Introducing REMN’s Jumbo Gold Product

DATE: May 26, 2023

REMN Wholesale is pleased to announce a new product, Jumbo Gold.

  • Full product guidelines can be found at www.remnwholesale.com
  • Jumbo Gold is eligible for brokered transactions only, and REMN must prepare the initial disclosures, no exceptions

Owner-Occupied Primary Residence

Fixed Rate and ARM

Transaction Type

Units LTV/CLTV Maximum Loan Amount  Credit Score Maximum DTI 

Reserves

Purchase / Rate & Term Refinance

1-2

80%

$1,000,000 720 43%

12 Months

75%

$2,000,000 720 41% 18 Months

70%

$3,000,000 760 41%

24 Months

75% $3,000,000 760 41%

36 Months

3-4

70%

$2,000,000 720 43% 18 Months
65% $3,000,000 760 41%

36 Months

Cash-Out 

1-2

70%

$1,000,000 740 43%

18 Months

65%

$1,500,000

 

Second Home

Fixed Rate and ARM

Transaction Type

Units LTV/CLTV Maximum Loan Amount Credit Score Maximum DTI

Reserves

Purchase / Rate & Term Refinance

1

70% $1,500,000 740 43%

18 Months

Cash-Out

Ineligible

 

Investment Property

Fixed Rate and ARM

Transaction Type

Units

LTV/CLTV Maximum Loan Amount Credit Score Maximum DTI

Reserves

Purchase / Rate & Term Refinance

1

65% $1,500,000 760 40%

36 Months

Cash-Out

Ineligible

**Please contact your Account Executive with any questions**