JMAC Lending has announced their new Imperial ARM program. The program highlights include: Alternative documents for self-employed borrowers; 5/1 ARM with interest-only option; minimum FICO score of 620; short sale/foreclosure-only one-year seasoning; cash-out up to $2.5 million with no title seasoning required; second homes, investment and flipped properties allowed; no add-on to fee for FICO score, loan amount, refinance type or occupancy; and gift allowance for all occupancy, including investment after 30 percent downpayment from borrower's own funds.
JMAC Lending is committed to aggressively expanding their product array to meet the needs of their clients, so they have recently launched the Imperial ARM and VA Loan Programs and will be introducing several other new programs over the course of the year.
“We are currently transforming our business model to better serve our broker customers," said Christina Pham, president of JMAC Lending. "Our transformation is focused on three critical success factors; expanding our product array to better serve the purchase money market, implementing world class technology for our customers to utilize, and establishing an innovative customer service and support platform. Our transformation objectives were forged out of extensive work with our broker customers who helped us prioritize how we can help them improve their business. We feel that our transformation establishes JMAC Lending as the premier wholesale lender in the industry and we are confident that those who do business with us will agree.”