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Jumbo Financing
Jumbo Loans Are Taking Off Again
Jumbo loans are those that are over the conforming loan limit of $417,000 currently offered by Fannie Mae and Freddie Mac. Jumbo loans require a larger down payment, higher credit scores and enhanced qualification requirements. In addition, rates on jumbo loans are higher than conforming loans. With reasonable credit requirements and common sense documentation, we can get you on your way to purchasing the home of your dreams.
Our Standard Jumbo Program offers loans up to $3M. For Jumbo Loans from $1M to $20M, please refer to our Accredited Investor Jumbo Program (see link below).
Program Details:
- We offer Jumbo up to 90% Loan to Value!
- Single Family, Town Homes and Condos Allowed
- Primary Residence and Vacation Homes Allowed
- Minimum Middle Credit Score of 650
- Debt to Income up to 40% Allowed
- Escrows (Taxes and Insurance) Required
- 12 Months Payment Reserves Required
- Account must be opened with our lending institution (no cost to you)
Program Guidelines:
Documentation Requirements:
- All programs are full documentation
- 2 years personal and business returns
- 2 years W-2's
- 2 current pay stubs
- 2 months asset statements
- Download a full Loan Documentation Checklist, Click Here
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