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Jumbo Loans

Jumbo Loans are the answer when you need to finance more than Fannie Mae’s, Ginnie Mae’s and Freddie Mac’s conventional loan limits of $417,000. These mortgages come with stricter guidelines due to higher loan amounts. But you can handle it. You know what you want and how to get it. That’s why you have your eye on that king-size chalet in the first place.

Key Features:

  • You can scoff at conventional loan limits and borrow some serious money
  • Make sure you have your finances in order or you’re not eligible
  • Choose from 15- or 30-year terms with fixed or adjustable rates

FULLY AMORTIZING FIXED
■ Maximum LTV up to 90%
■ Minimum qualifying credit score 700
■ Loan amounts up to $2,000,000
■ 15- and 30-year terms

7/1 FULLY AMORTIZING ARM
■ Maximum loan-to-value ratio (LTV) up to 90%
■ Minimum qualifying credit score 700
■ Loan amounts up to $2,000,000
■ Index: 1 Year LIBOR; Margin: 2.25%; Cap: 5/2/5;
Floor: 2.25%

AGENCY HIGH-BALANCE LOAN
■ DU and LP need to be approve/eligible
■ Maximum LTV 80% for purchase rate/term
■ Cash-out refi max LTV 75%
■ Maximum debt-to-income ratio (DTI) 43%
■ 30-year fully amortizing fixed rate only
■ Minimum qualifying credit score 700

ELIGIBLE PROPERTY TYPES
■ 1- to 4-unit attached/detached owner occupied property
■ 1-unit second homes
■ 1-unit investment properties (Note: 2-, 3- and 4-unit investment
properties are permitted on an exception basis)
■ Low-/mid-/high-rise new and established Fannie Mae or
Freddie Mac warrantable condominiums
■ PUDs

ELIGIBLE TRANSACTIONS
■ Purchase
■ Rate & term refinance
■ Cash-out refinance

Interested in a Jumbo Loan? Contact us via the form below!

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