GMFS has updated the Jumbo Express Product Guide and will begin taking new locks with the updated guidelines Today, April 30th. 

Jumbo Express Changes/Highlights

• Higher LTVs – up to 90%
• Lower FICOs on many tranches – as low as 660 at <80% LTV Purchase and Rate Term Refi
• Investment Express is rolled under the standard guidelines (eliminating the separate product and guide for Investor Express)
• Mortgage/rent history with 0x30 for previous 24 months when applicable
• Conforming requirements for all Income Verification

See the updated GMFS Jumbo Express Program Guide, Overview and Jumbo Express Underwriting Comparison for more details!