Wholesale Lending¹

Contact an Amplify Credit Union team member to discuss jumbo mortgages ranging between the conforming loan limit to $999,999 in value.

• 80.01% to 89.99 LTV | No Mortgage Insurance
• LTV > 80% = 43% Max DTI | LTV < 80% = 45% Max DTI
• Documentation Is Per DU Approve/Ineligible
• Guidelines FNMA Guide
• Max Cash Out on Primary $500K
• Appraisals Can Be Transferred From Broker AMC
• One Appraisal Required
• Rate Adjustors: Over 80% to 85% = 0.25 | Over 85% to 89.99% = 0.375

Contact an Amplify Credit Union team member to discuss super jumbo mortgages ranging between $1M and $4M in value.

• 80.01% to 89.99% to $1.5M | No MI | 720 FICO
• 85% LTV to $2M | 740 FICO | DTI 40 reserves, 24 months
• 80% LTV to $3M | 740 FICO | DTI 40 reserves, 24 months
• 70% LTV to $4M | 740 FICO | DTI 38 reserves, 24 months
• Texas cash-out refinances up to $2.5 Million (max cash-in-hand $500k)

Designed to help professionals purchase or refinance a primary residence while building their careers. Borrower must be a resident or practicing physician, attorney, CPA, oral surgeon, dentist, pharmacist, optometrist, nurse anesthetist, physician assistant, or ophthalmologist.

• Loan Amount Options: 30 Year Fixed or ARM (95% Purchase only)
• $1.25M: 95% at 700 FICO or 95% at 720 FICO, 43%, 4 months Reserves
• $1.5M: 85% at 700 FICO or 90% at 720 FICO, 43%, 6 months Reserves
• $1.75M: 80%, 700 FICO, 43% DTI, 6 Months Reserves
• Available to US Citizens, Perm-Resident Aliens, Non-Perm Resident Aliens
• 2 Year Work History or 6 Months After Diploma Earned (If Not Self-Employed)
• 24 Months’ Credit on at Least 3 Tradelines: 1+ Credit Card, 1+ Installment
• Minimum 700 credit score, Max Total Debt Ratio 43%
• Student Loans: If in Deferment/Credit Report Shows $0, Will Use 0.5% of Balance
• Employment Contracts: OK if Non-Contingent and Start Within 60 Days of Closing

Helps qualify high net worth individuals with no hit to rate.
Download the PDF

Contact an Amplify Credit Union team member to discuss Fixed 15-Year or 30/15 Mortgages

• CLTV 95% up to $250K | 6 Months Reserves Required
• CLTV 90% up to $400K | 3 Months Reserves Required
• CLTV 75% up to $500K | 3 Months Reserves Required
• DTI Max 45% (FTHB Max 43%)
• Min FICO 680 to 700 (Depending on Loan Amount and CLTV)
• 3 Months Reserves (Unless 95% CLTV)
• Documentation per Approve/Eligible DU or LP Findings

Not sure what to submit on behalf of your clients? Here is Amplify Credit Union’s full file submission checklist for 1st and 2nd lien wholesale loans.

• 1003
• 1008
• DU Findings
• Completed Submission Sheet
• Credit Report
• Itemized Fee Worksheet
• Purchase Contract
• Paystubs and W2s (as required by DU or program guidelines)
• Personal and Business Tax Returns (as required by DU or program guidelines)
• Income Calculation for All Sources of Income (how you calculated income)
• YTD P&Ls for SE borrowers
• Assets (2 months account statements for closing costs/reserves)

Marketing materials for utilization.

Jumbo Flyer

Professional Program Flyer

Wholesale Program Flyer