Jumbo Loans
You may consider Jumbo Loans from 5% down and a minimum 720 fico score up to 1.5m and from 10% down Jumbo loans from a minimum 660 fico score up to 2.5m. We offer Jumbo loans for purchase from a minimum 540 fico score. Ask about the Jumbo combo loans with no mortgage insurance or the single Jumbo loan with no mortgage insurance. Contact me to discuss the Jumbo rates and terms options.
We now offer many different options for documenting your income. You may choose 12-24 month bank statements or stated income with a current profit and loss for self employed borrowers. If you don’t want to show paystubs for any reason, there is an option for standard employees. They can have a written employment verification for income documentation.
More options are available for your home loan approval with Jumbo loans. Inquire and get the best rates and terms available to you now and what rates and terms are available with higher scores.
We offer credit repair advice at no cost and can get your scores raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary. We work directly with the bureaus on your credit reports so you can make an informed decision of the loan program choices.
Jumbo Loan Features:
Financing on Primary Residences, examples of the maximum loan to value:
- Loans up to $1,500,000 – Up to 95% financing, 5% down payment
A loan amount up to $3,000,000 – Up to 90% financing, 10% down payment- Loan amounts over $3,500,000 – Up to 85% financing, 15% down payment. Larger down payment required for larger loan amounts.
Financing on Second Homes and Vacation Homes
- Loan amounts up to 1.5mil – 10% down payment, 90% financing
- Amounts up to 2.5mil – 20% down payment, 80% financing
- All loan amounts over 3mil – 25% + down payment
Financing on Investment Home Purchase
- 25% down payment required on investment home purchases
- Loan amounts over 1 mil will require higher down payment – 30% +
OTHER LOAN PROGRAMS:
FHA Conventional USDA Rural VA CalVet DAP’s Refinance