New wholesale lending solution offers automated underwriting, financing up to 80% LTV and loan amounts up to $7.5 million for eligible Florida transactions
(Miami Beach, FL) – Foundation Mortgage Corporation, a leading wholesale mortgage lender specializing in flexible residential financing solutions, today announced the launch of its new AUS Full-Doc Jumbo Loan Program, available exclusively for eligible properties located in Florida.
The new program combines traditional full-income and asset documentation with eligible automated underwriting system findings, giving mortgage brokers a streamlined option for qualified borrowers seeking high-balance financing in the Florida housing market.
Financing is available for eligible primary residences and second homes, including purchase and rate-and-term refinance transactions, as well as qualifying primary-residence cash-out refinances.
Program highlights include:
- Available for properties located in Florida
- AUS eligible Jumbo financing
- Purchase up to $7.5 million with unlimited Cashout up to $5 million
- Primary and second homes only
- Financing up to 80% LTV
- Minimum 700 FICO
- Eligible for 1- and 2-unit properties
“Florida continues to be an important market for luxury, second-home and high-balance residential financing, and brokers need dependable solutions that can support those opportunities,” said Marc Halpern, CEO of Foundation Mortgage Corporation. “Our AUS Full-Doc Jumbo program combines substantial borrowing power with a more streamlined underwriting process, giving our broker partners a strong option for qualified clients financing properties across Florida.”
For qualified primary-residence borrowers, the program offers purchase and rate-and-term financing up to $3 million at 80% LTV, with expanded loan amounts available at lower leverage levels. Eligible borrowers may access financing up to $7.5 million at 60% LTV. Cash-out options extend to $5 million, while eligible second-home transactions are available up to $4 million.
Maximum loan amounts and leverage vary by credit score, occupancy, property type and transaction. The program is available only for eligible properties located in Florida, and no program exceptions are permitted.
The launch further expands Foundation Mortgage’s suite of Jumbo lending solutions and reinforces the company’s commitment to providing mortgage professionals with practical products for high-value borrower scenarios.
Mortgage brokers interested in learning more about the AUS Full-Doc Jumbo Loan Program should contact their Foundation Mortgage Account Executive or visit www.FoundationMortgage.com.
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About Foundation Mortgage Corp.
Foundation Mortgage Corporation (NMLS #5057) is a national Non-QM mortgage lender and third-party originator specializing in wholesale and non-delegated correspondent lending. Headquartered in Miami Beach, Florida, Foundation Mortgage is one of the fastest-growing non-QM (non-qualified mortgage) lenders in the country. The company combines decades of industry expertise with a commitment to “white glove” service, providing partners and clients with a best-in-class home financing experience. For more information, visit www.foundationmortgage.com or contact Foundation Mortgage at (305) 532-3995.
