CURRENT TURN TIMES = 24-96 Hours
  • Registration: 1-3
  • Underwriting: 1
  • Conditions: 1-4
  • CD Requests: 1
  • Docs: 1
  • Funding: 1
Times shown in days.

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, Rate/TermRefinance
Transaction Type Units FICO Maximum LTV/CLTV/HCLTV Maximum Loan Amount
PURCHASE & RATE AND TERM 1 760 85% 2 $1,000,000
720 80% $1,500,000
720 75% $2,000,000
720 70% $2,500,000 3
700 70% $1,000,000
2 700 65% $1,000,000
720 60% $1,500,000
Primary Residence: Cash Out Refinance 4
Transaction Type Units FICO Maximum LTV/CLTV/HCLTV Maximum Loan Amount Max Cash Out
CASH-OUT REFINANCE 1 720 70% $1,000,000 $250,000
700 65% $1,000,000 $250,000
720 65% $1,500,000 $500,000
720 60% $2,000,000 $500,000
720 50% $2,500,000 3 $750,000
Secondary Residence: , Rate/TermRefinance
Transaction Type Units FICO Maximum LTV/CLTV/HCLTV Maximum Loan Amount
PURCHASE 1 720 80% 5 $1,000,000
PURCHASE OR RATE AND TERM REFINANCE 1 720 75% $1,000,000
70% $1,500,000
65% $2,000,000
50% $2,500,000 5
Secondary Residence: Cash Out Refinance 6
Transaction Type Units FICO Maximum LTV/CLTV/HCLTV Maximum Loan Amount Max Cash Out
CASH-OUT REFINANCE 1 740 60% $1,000,000 $250,000
55% $1,500,000 $500,000
50% $2,000,000 $750,000
Investment Property: Purchase, Rate and Term Refinance 7
Transaction Type Units FICO Maximum LTV/CLTV/HCLTV Maximum Loan Amount
PURCHASE 1-4 Units 740 70% $1,000,000
RATE & TERM REFINANCE 1-4 Units 740 70% $1,000,000
CASH-OUT 1-4 Units 740 60% $1,000,000
Max cash-out $250k
Express Select (Non-QM)

Fixed Rate (20, 25, 30 year)

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Primary Residence: Purchase, Rate and Term Refinance
Transaction Type Units FICO Maximum LTV/CLTV/HCLTV Maximum Loan Amount 1
PURCHASE & RATE AND TERM 1 720 80% $1,500,000
720 75% $2,000,000
700 70% $1,000,000
2 700 65% $1,000,000
720 60% $1,500,000
Primary Residence: Cash Out Refinance 3
Transaction Type Units FICO Maximum LTV/CLTV/HCLTV Maximum Loan Amount Max Cash Out
CASH-OUT REFINANCE 1 720 70% $1,000,000 $250,000
700 65% $1,000,000 $250,000
720 65% $1,500,000 $500,000
720 60% $2,000,000 2 $500,000
Secondary Residence: Purchase, Rate and Term Refinance
Transaction Type Units FICO Maximum LTV/CLTV/HCLTV Maximum Loan Amount 1
PURCHASE 1 720 80% $1,000,000
PURCHASE OR RATE AND TERM REFINANCE 1 720 75% $1,000,000
70% $1,500,000
65% $2,000,000 2
Secondary Residence: Cash Out Refinance 5
Transaction Type Units FICO Maximum LTV/CLTV/HCLTV Maximum Loan Amount Max Cash Out
CASH-OUT REFINANCE 1 740 60% $1,000,000 $250,000
55% $1,500,000 $500,000
50% $2,000,000 $750,000
Investment Property: Purchase, Rate and Term Refinance 6
Transaction Type Units FICO Maximum LTV/CLTV/HCLTV Maximum Loan Amount
PURCHASE 1-4 740 65% $1,000,000
RATE & TERM REFINANCE 1-4 740 60% $1,000,000
CASH-OUT REFINANCE 1-4 740 60% $1,000,000
Max cash-out $250k

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

Jumbo Express Choice Non-QM

Download Full Guidelines

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