JMAC Focuses on Flexibility with New ARM Program

JMAC Lending, a California-based wholesale lender specializing in jumbo, GSE, and government-insured products, announced the kickoff of its new Imperial ARM (adjustable-rate mortgage) program.

Highlights of the new program include alternative documentation for self-employed borrowers, an interest-only option, and a minimum FICO score of 620, opening up credit access to a wider field of borrowers. The program also features no add-ons to fees for FICO score, loan amount, refinance type, or occupancy.

The Imperial ARM also allows second homes and investment and flipped properties, among other highlights.

One of several new loan programs planned to launch over the course of this year, the Imperial ARM program represents JMAC’s commitment to expanding its product array to meet clients’ needs, the company says.

“We are currently transforming our business model to better serve our broker customers,” said JMAC president Christina Pham. “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.”

Pham added, “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.”