Renew's jumbo lending framework is designed to support high-balance borrowers while maintaining strong credit discipline. The program operates across three primary areas: loan size and credit tiers, occupancy and property standards, and reserve requirements.
This is a true jumbo lending platform—not a niche overlay—designed to balance competitive leverage, strong borrower liquidity, and disciplined risk management across multiple investor guidelines.
1. Loan Amount & Credit Structure
- •Jumbo financing available up to approximately $3.5 million, subject to program and investor guidelines
- •Subject to credit score, LTV & occupancy
- •Higher loan amounts require stronger borrower profiles
- •Minimum FICO scores typically range from 620 to 740, depending on loan size, LTV, and occupancy
- •Depends on loan size, LTV & occupancy type
The following ranges are illustrative and represent typical jumbo lending parameters. Final terms are subject to investor guidelines, underwriting approval, and overall borrower profile.
| Loan Range | Minimum FICO | Max LTV (Primary) | Reserves |
|---|---|---|---|
| ≤ $1.0M – $1.5M | 620+ | Up to 90% | 3-6 months PITIA |
| $2.0M – $3.0M | 700-720 | 75-85% | 6-12 months PITIA |
| $3.5M maximum | 720-740 | 60-75% | Up to 18 months PITIA |
2. Loan-to-Value (LTV) Parameters
- •Up to 90% LTV for qualified primary residence scenarios at stronger credit levels
- •Scales down to 60–75% as loan size increases
- •Typically 70–75% LTV
- •Higher reserve requirements apply
- •Capped at 70–75% LTV
- •Higher reserve requirements
3. Reserve Requirements
Greater of AUS findings or minimum PITIA months, depending on scenario.
Primary Residences:
3–6 months PITIA at lower LTVs
Higher-Risk Scenarios:
6–12 months PITIA
High-Balance / Lower-LTV Tiers:
Up to 18 months PITIA may be required for higher-balance or higher-risk scenarios
Reserve requirements increase as:
- • LTV decreases
- • Loan size increases
- • Occupancy shifts from primary → second home → investment
4. LTV / Credit / Reserve Relationship
Lower LTV = Lower Credit Risk
At 60–65% LTV, even strong FICO 720+ borrowers typically need only 3–6 months reserves
Higher LTV = More Reserves Required
At 85%+ LTV, stronger credit is required, and reserves climb to 6–12 months PITIA
Occupancy Escalates Requirements
Second homes and investment properties trigger higher reserve minimums than primary residences at the same LTV
Loan Size Sensitivity
Borrowing $3.5M demands stronger credit, lower LTV, and institutional-grade reserves compared to $1.5M
Program Strengths
High Loan Limits
Up to $3.5M financing
Competitive Leverage
Up to 90% LTV available for qualified borrowers in select scenarios
Broad Credit Coverage
Credit scores starting at 620 for select lower-balance jumbo scenarios
Structured Reserves
Institutional-grade liquidity standards
- High-net-worth borrowers
- Executive relocation buyers
- Luxury primary and second-home markets
- Montana resort markets
- Second-home buyers
- Jumbo purchase-heavy Realtor teams