BFF Prime Jumbo is a full-documentation, DU-underwritten Jumbo for strong-credit borrowers. Loans from $1 above the conforming limit to $3M, up to 80% LTV, fixed or SOFR ARM, with no mortgage insurance. Primary residence, second home, and investment property all qualify.
Program at a Glance
BFF Prime Jumbo is built for well-qualified borrowers with documented W-2 or tax-return income. The minimum loan is $1 above the standard conforming limit and the maximum is $3M. Files run through Fannie Mae DU and must return Approve/Ineligible, ineligible for loan amount only. LTV, FICO, DTI and reserves are set by occupancy, unit count and loan amount, from 80% LTV at 720 FICO on a 1–2 unit primary up to $1.5M. Second homes go to $2.5M and investment properties to $1.5M. Mortgage insurance is never required.
Limits are set by occupancy, unit count, loan purpose and loan amount. LTV, CLTV and HCLTV share the same maximum. All tiers assume a stable market.
| Occupancy / Units | Purpose | Max Loan | Max LTV | Min FICO | Max DTI | Reserves |
|---|---|---|---|---|---|---|
| Primary · 1–2 Unit | Purchase / R&T | $1.5M | 80% | 720 | 43% | 12 mo |
| Primary · 1–2 Unit | Purchase / R&T | $2.0M | 80% | 740 | 41% | 18 mo |
| Primary · 1–2 Unit | Purchase / R&T | $3.0M | 75% | 760 | 41% | 36 mo |
| Primary · 1–2 Unit | Purchase / R&T | $3.0M | 70% | 760 | 41% | 24 mo |
| Primary · 1–2 Unit | Cash-Out ($500K max) | $1.5M | 70% | 740 | 43% | 18 mo |
| Primary · 1–2 Unit | Cash-Out ($500K max) | $2.0M | 65% | 740 | 43% | 18 mo |
| Primary · 3–4 Unit | Purchase / R&T | $2.0M | 75% | 720 | 43% | 18 mo |
| Primary · 3–4 Unit | Purchase / R&T | $2.5M | 70% | 740 | 43% | 18 mo |
| Primary · 3–4 Unit | Purchase / R&T | $3.0M | 65% | 760 | 41% | 36 mo |
| Second Home · 1 Unit | Purchase / R&T | $2.0M | 75% | 740 | 43% | 18 mo |
| Second Home · 1 Unit | Purchase / R&T | $2.5M | 70% | 760 | 43% | 18 mo |
| Investment · 1 Unit | Purchase / R&T | $1.5M | 65% | 760 | 40% | 36 mo |
ARMs use the 30-day average SOFR index published by the Federal Reserve Bank of New York. The floor rate is the margin, and the initial note rate may not be more than 3% below the fully indexed rate. ARMs are not convertible.
| Product | Initial Cap | Subsequent Cap | Lifetime Cap | Max Margin | Qualifying Rate |
|---|---|---|---|---|---|
| 5/6 SOFR ARM | 2% | 1% | 5% | 2.75% | Greater of fully indexed rate or note rate + 2% |
| 7/6 SOFR ARM | 5% | 1% | 5% | 2.75% | Greater of fully indexed rate or note rate |
| 10/6 SOFR ARM | 5% | 1% | 5% | 2.75% | Greater of fully indexed rate or note rate |
Key parameters from the BFF Prime Jumbo Matrix. Download the PDF for complete guidelines before pricing any Prime Jumbo scenario.
| Parameter | Requirement |
|---|---|
| Products | 15-yr Fixed · 30-yr Fixed · 5/6, 7/6 and 10/6 SOFR ARMs |
| Max Loan Amount | $3,000,000 |
| Min Loan Amount | $1 above the standard conforming loan limit |
| Max LTV/CLTV/HCLTV — Primary 1–2 Unit | 80% to $2M · 75% / 70% to $3M · Cash-out 70% to $1.5M, 65% to $2M |
| Max LTV/CLTV/HCLTV — Primary 3–4 Unit | 75% to $2M · 70% to $2.5M · 65% to $3M · No cash-out |
| Max LTV/CLTV/HCLTV — Second Home (1 Unit) | 75% to $2M · 70% to $2.5M · No cash-out |
| Max LTV/CLTV/HCLTV — Investment (1 Unit) | 65% to $1.5M · No cash-out |
| Min FICO | 720 (740 or 760 required at higher loan amounts, cash-out, second home and investment) |
| Max DTI | 43% (41% on primary 1–2 unit purchase/R&T above $1.5M and 3–4 unit at $3M · 40% investment) |
| Max Cash-Out | $500,000 — 1–2 unit primary residence only |
| Reserves | 12–36 months by tier (see LTV grid) · cash-out proceeds and gift funds cannot be used |
| Documentation | 24-month full documentation · signed 4506-C and IRS transcripts required |
| AUS | Fannie Mae DU Approve/Ineligible (ineligible due to loan amount only) |
| Occupancy | Primary residence · Second home · Investment |
| Eligible Property Types | SFR · 2–4 unit · PUD · Warrantable condo |
| Eligible Borrowers | U.S. citizens and permanent resident aliens with valid SSNs · max 4 borrowers · max 4 financed properties |
| Assets | Sourced and seasoned 60 days |
| Gift Funds | Allowed for down payment · not for reserves · gift of equity not permitted |
| Interested Party Contributions | 6% primary and second home · 2% investment · closing costs and prepaids only |
| Subordinate Financing | Not allowed |
| Mortgage Insurance | Not required |
| Appraisals | 1 full appraisal ≤$2M · 2 full appraisals >$2M from different AMCs (lower value used) · no transfers · C5/C6 or Q6 ineligible |
| Derogatory Seasoning | Foreclosure 7 yrs · Ch. 7/11 BK 4 yrs · Ch. 13 BK 2 yrs from discharge / 4 from dismissal · Short sale, DIL, pre-FC, mortgage charge-off 4 yrs |
| Ineligible Products | Interest-only · Temporary buydowns · Convertible ARMs |
| Florida / Georgia | FL properties in FEMA Flood Zone A or V ineligible · FL and GA condos ineligible as investment |
| Escrow Holdbacks / Principal Curtailments | Not permitted |
| Age of Documents | Credit docs within 90 days of note · prelim title within 120 days (90 in Texas) |
| Exceptions | No exceptions granted · investor Clear-to-Close required before closing |
| Matrix Version | BFF Prime Jumbo Matrix Rev. 10.26.26.V1 |
Salaried professionals and executives with strong credit buying above the conforming limit. Up to 80% LTV to $2M with no mortgage insurance.
Vacation and second-home purchases up to $2.5M on a single-unit property, including condos and PUDs, at up to 75% LTV.
Fully documented borrowers buying a single-unit investment property up to $1.5M at 65% LTV with 760 FICO.
Homeowners with equity in a 1–2 unit primary who need up to $500K cash-out, at 70% LTV to $1.5M or 65% to $2M.
Owner-occupied 2–4 unit properties in high-cost markets up to $3M, with the borrower living in one unit.
Borrowers expecting to sell or refinance within 5–10 years can use a 5/6, 7/6 or 10/6 SOFR ARM for a lower starting rate.
Prime Jumbo is a full-doc, DU-underwritten Jumbo that goes to $3M and allows primary, second home and investment occupancy. BFF Jumbo is a Non-QM program that goes to $5M, accepts bank statements, and is limited to primary residences. Use Prime Jumbo for fully documented borrowers with strong credit, and BFF Jumbo when you need bank statements or a larger loan.
80% on a 1–2 unit primary residence purchase or rate/term refinance up to $2M (720 FICO to $1.5M, 740 to $2M). LTV steps down for larger loans, 3–4 unit properties, second homes (75%) and investment property (65%). Cash-out is capped at 70% to $1.5M and 65% to $2M.
Yes, on 1–2 unit primary residences only, with a maximum of $500,000 cash-out and 740 FICO. Cash-out proceeds cannot be used to meet reserve requirements. Cash-out is not available on 3–4 unit, second home or investment properties.
One full appraisal for loans up to $2M. Two full appraisals for loans above $2M, ordered from two different AMCs, with the lower value used for LTV. Appraisal transfers are not allowed, and appraisals more than 120 days old at clear-to-close need a recertification of value.
No. Mortgage insurance is not required on Prime Jumbo at any LTV.
Foreclosure requires 7 years. Chapter 7 or 11 bankruptcy requires 4 years from discharge or dismissal. Chapter 13 requires 2 years from discharge or 4 years from dismissal. Short sale, deed-in-lieu, pre-foreclosure sale and mortgage charge-off require 4 years. A written explanation is required in every case.
BFF Prime Jumbo Matrix — Rev. Oct 2026
Loans above $2M need two full appraisals from two different AMCs. The lower value sets the LTV. Order both at the same time to avoid delays.
Florida properties in FEMA Flood Zone A or V are ineligible. Florida and Georgia condos are ineligible as investment property.
No exceptions are granted on this product. Interest-only, temporary buydowns and subordinate financing are not allowed.
Price it in the Quick Pricer, download the matrix, or call your AE. We Deliver.
