Jumbo Advantage vs Jumbo Fixed

Beachfront view of living room

When you’re buying or refinancing a high-worth property, you deserve Jumbo financing that complements your financial situation and personal preferences. That’s why we invite you to compare the features and options offered by two Guardian Mortgage Jumbo programs: Advantage and Fixed
  Jumbo Advantage Jumbo Fixed
Maximum Funding • $2 million for primary residence and second home purchases and rate-term refinances
• $1.5 million for primary residence and second home cash-out refinances
• $1 million for investment property purchase, rate-term, and cash-out refinances		 • $2.5 million for primary residence purchase, rate-term, and cash-out refinances
• $2.5 million for second home purchase and rate-term refinances
Funding Types • 15- and 30-year fixed
• 5/1, 7/1, 10/1 ARM		 • 15- and 30-year Fixed
Maximum DTI • 38% for maximum 90% LTV/CLTV
• 43% for all other LTV/CLTV		 • 36% for maximum 85% LTV/CLTVs
• 43% for all other LTV/CLTVs
Minimum FICO Scores • 661 for new purchases of primary residences and second homes with 60%- 80% LTV/CLTV
• 680 for new purchases, rate-term, and cash-out refinancing for primary homes, second homes and investment properties with 60%- 90% LTV/CLTV		 • 760 for primary residence purchases and rate-term refinances with 85% LTV/CLTV
• 720 for second home purchases and rate/term refinances with 45%-75% LTV/CLTV
• 700 for primary residence purchase, rate-term, and cash-out refinances with 65%-70% LTV/CLTV
Eligible Property Types • Single-family residences and PUDs
• 1-4 unit properties
• Modular homes
• Low, medium, and high-rise condo units that are FNMA-warrantable
• Leaseholds that meet FNMA requirements
• Properties with up to 20 acres		 • 1-2 unit properties
• PUD homes
• FNMA-warrantable condominiums
• Leasehold properties that meet FNMA requirements

*PUDs are communities which are usually comprised of single-family homes, operated by a Homeowners’ Association (HOA). Each homeowner pays HOA fees based on their percentage ownership in the overall project.  These fees go toward maintaining shared amenities such as pools, landscaping and tennis courts, and may also cover security services. Program available only to qualified borrowers. Program subject to change without notice. Underwriting terms and conditions apply. Some restrictions may apply. FICO and tradeline requirements. Final inspection when required.