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Loan Programs

Jumbo Loans

CHMW provides jumbo loans up to 90% LTV with no PMI and with clear guidelines.

Jumbo Express Select

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A Prime Jumbo Credit Product with "make sense" guidelines which looks at the overall credit profile and will consider exceptions to the published guidelines.

Express Select QM

Fixed Rate (20, 25, 30 year) and Hybrid ARM Products

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Primary Residence: Purchase
Property Type FICO Maximum LTV/CLTV/HCLTV Maximum Loan Amount
1 Unit 760 85% 2 $1,000,000
1 Unit 720 80% $1,500,000
1 Unit 720 75% $2,000,000
1 Unit 720 70% $2,500,000 3
1 Unit 700 70% $1,000,000
2 Units 700 65% $1,000,000
2 Units 720 60% $1,500,000
Primary Residence: Rate/Term Refinance
Property Type FICO Maximum LTV/CLTV/HCLTV Maximum Loan Amount
1 Unit 760 85% 2 $1,000,000
1 Unit 720 80% $1,000,000
1 Unit 720 75% $1,500,000
1 Unit 720 70% $2,000,000
1 Unit 700 70% $1,000,000
1 Unit 720 60% $2,500,000 3
2 Units 700 65% $1,000,000
2 Units 720 60% $1,500,000
Primary Residence: Cash Out Refinance 4
Property Type FICO Maximum LTV/CLTV/HCLTV Maximum Loan Amount Max Cash Out
1 Unit 720 70% $1,000,000 $250,000
1 Unit 700 65% $1,000,000 $250,000
1 Unit 720 65% $1,500,000 $500,000
1 Unit 720 60% $2,000,000 $500,000
1 Unit 720 50% $2,500,000 3 $750,000
Secondary Residence: Purchase
Property Type FICO Maximum LTV/CLTV/HCLTV Maximum Loan Amount
1 Unit 720 80% 5 $1,000,000
Secondary Residence: Rate/Term Refinance or Purchase
Property Type FICO Maximum LTV/CLTV/HCLTV Maximum Loan Amount
1 Unit 720 75% $1,000,000
1 Unit 720 70% $1,500,000
1 Unit 720 65% $2,000,000
1 Unit 720 50% $2,500,000 5
Secondary Residence: Cash Out Refinance 6
Property Type FICO Maximum LTV/CLTV/HCLTV Maximum Loan Amount Max Cash Out
1 Unit 740 60% $1,000,000 $250,000
1 Unit 740 55% $1,500,000 $500,000
1 Unit 740 50% $2,000,000 $750,000
Investment Property: Purchase 7
Property Type FICO Maximum LTV/CLTV/HCLTV Maximum Loan Amount
1-4 Units 740 65% $1,000,000
Investment Property: Rate/Term Refinance 7
Property Type FICO Maximum LTV/CLTV/HCLTV Maximum Loan Amount
1-4 Units 740 60% $1,000,000
Express Select (Non-QM)

Fixed Rate (20, 25, 30 year)

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Primary Residence: Purchase
Property Type FICO Maximum LTV/CLTV/HCLTV Maximum Loan Amount 1
1 Unit 720 80% $1,500,000
1 Unit 720 75% $2,000,000 2
1 Unit 700 70% $1,000,000
2 Units 700 65% $1,000,000
2 Units 720 60% $1,500,000
Primary Residence: Rate/Term Refinance
Property Type FICO Maximum LTV/CLTV/HCLTV Maximum Loan Amount
1 Unit 720 80% $1,000,000
1 Unit 720 75% $1,500,000
1 Unit 720 70% $2,000,000 2
1 Unit 700 70% $1,000,000
2 Units 700 65% $1,000,000
2 Units 720 60% $1,500,000
Primary Residence: Cash Out Refinance 3
Property Type FICO Maximum LTV/CLTV/HCLTV Maximum Loan Amount Max Cash Out
1 Unit 720 70% $1,000,000 $250,000
1 Unit 700 65% $1,000,000 $250,000
1 Unit 720 65% $1,500,000 $500,000
1 Unit 720 60% $2,000,000 2 $500,000
Secondary Residence: Purchase
Property Type FICO Maximum LTV/CLTV/HCLTV Maximum Loan Amount
1 Unit 720 80% $1,000,000
Secondary Residence: Rate/Term Refinance
Property Type FICO Maximum LTV/CLTV/HCLTV Maximum Loan Amount 1
1 Unit 720 75% $1,000,000
1 Unit 720 70% $1,500,000
1 Unit 720 65% $2,000,000 2
Secondary Residence: Cash Out Refinance 3
Property Type FICO Maximum LTV/CLTV/HCLTV Maximum Loan Amount Max Cash Out
1 Unit 740 60% $1,000,000 $250,000
1 Unit 740 55% $1,500,000 $500,000
1 Unit 740 50% $2,000,000 2 $750,000
Investment Property: Purchase
Property Type FICO Maximum LTV/CLTV/HCLTV Maximum Loan Amount 1
1-4 Units 740 65% $1,000,000
Investment Property: Rate/Term Refinance 6
Property Type FICO Maximum LTV/CLTV/HCLTV Maximum Loan Amount
1-4 Units 740 60% $1,000,000

Jumbo Express Choice QM

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The Express Choice product line allows for lower FICO scores, Non-Occupant Co-Borrowers, expanded DTI, Non-warrantable condominiums and other outside-the-box qualifying opportunities.

Express Choice QM

Fixed Rate and Hybrid ARM

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Primary Residence: Purchase & Rate/Term Refinance
Units Max Loan Amount Min FICO Score Max LTV/CLTV/HCLTV
1-2 $1,000,000 680 90% 2
$1,500,000 661 80%
$2,000,000 680 75%
3-4 $1,500,000 661 70%
Primary Residence: Cash Out Refinance 3
Units Max Loan Amount Max Cash Out Min FICO Score Max LTV/CLTV/HCLTV
1-2 $1,000,000 $250,000 680 80%
$1,000,000 $250,000 661 70%
$1,500,000 $500,000 661 60%
2ND HOME: PURCHASE & RATE/TERM REFINANCE
Units Max Loan Amount 1 Min FICO Score Max LTV/CLTV/HCLTV
1 $1,000,000 661 80%
$1,500,000 70%
$2,000,000 65%
2ND HOME: CASH-OUT REFINANCE
Units Max Loan Amount Max Cash Out Min FICO Score Max LTV/CLTV/HCLTV
1 $1,000,000 $250,000 661 65%
$1,500,000 $500,000 60%
INVESTMENT: PURCHASE, RATE/TERM REFINANCE, CASH-OUT REFINANCE
Units Max Loan Amount Max Cash Out Min FICO Score Max LTV/CLTV/HCLTV
1-4 Purchase $1,000,000 N/A 680 75%
1-4 Rate/Term Refi 70%
1-4 Cash Out Refi $250,000 60%

Jumbo Express Choice Non-QM

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The Express Choice product line allows for lower FICO scores, Non-Occupant Co-Borrowers, expanded DTI, Non-warrantable condominiums and other outside-the-box qualifying opportunities.

Express Choice (Non-QM)

Fixed Rate and Hybrid ARM

Print Full Matrix
Primary Residence: Purchase & Rate/Term Refinance
Units Max Loan Amount Min FICO Score Max LTV/CLTV/HCLTV
1-2 $1,000,000 680 90% 2
$1,500,000 661 80%
$2,000,000 680 75%
3-4 $1,500,000 661 70%
Primary Residence: Cash Out Refinance 3
Units Max Loan Amount Max Cash Out Min FICO Score Max LTV/CLTV/HCLTV
1-2 $1,000,000 $250,000 680 80%
$1,000,000 $250,000 661 70%
$1,500,000 $500,000 661 60%
2ND HOME: PURCHASE & RATE/TERM REFINANCE
Units Max Loan Amount 1 Min FICO Score Max LTV/CLTV/HCLTV
1 $1,000,000 661 80%
$1,500,000 70%
$2,000,000 65%
2ND HOME: CASH-OUT REFINANCE
Units Max Loan Amount Max Cash Out Min FICO Score Max LTV/CLTV/HCLTV
1 $1,000,000 $250,000 661 65%
$1,500,000 $500,000 60%
INVESTMENT: PURCHASE, RATE/TERM REFINANCE, CASH-OUT REFINANCE
Units Max Loan Amount Min FICO Score Max LTV/CLTV/HCLTV
1-4 Purchase $1,000,000 680 75%
1-4 Rate/Term Refi 70%