Depending on your customer’s needs, the Jumbo Loan Program offers a fixed, 15-and 30-year term and 7/1 fully amortizing ARM, as
well as an Agency High-Balance Loan. While loan-to-value ratio (LTV) differs based on the program, the program is an attractive option.
The Jumbo Loan Program offers multiple options
for those looking to finance higher-value
properties with agreeable terms.
MORE ABOUT JUMBO LOAN PROGRAM
FULLY AMORTIZING FIXED
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Maximum LTV up to 90%
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Minimum qualifying credit score 700
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Loan amounts up to $2,000,000
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15- and 30-year terms
7/1 FULLY AMORTIZING ARM
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Maximum loan-to-value ratio (LTV) up to 90%
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Minimum qualifying credit score 700
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Loan amounts up to $2,000,000
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Index: 1 Year LIBOR; Margin: 2.25%; Cap: 5/2/5;
Floor: 2.25%
AGENCY HIGH-BALANCE LOAN
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DU and LP need to be approve/eligible
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Maximum LTV 80% for purchase rate/term
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Cash-out refi max LTV 75%
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Maximum debt-to-income ratio (DTI) 43%
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30-year fully amortizing fixed rate only
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Minimum qualifying credit score 700
ELIGIBLE PROPERTY TYPES
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1- to 4-unit attached/detached owner occupied property
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1-unit second homes
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1-unit investment properties (Note: 2-, 3- and 4-unit investment
properties are permitted on an exception basis)
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Low-/mid-/high-rise new and established Fannie Mae or
Freddie Mac warrantable condominiums
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PUDs
ELIGIBLE TRANSACTIONS
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Purchase
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Rate & term refinance
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Cash-out refinance
JUMBO LOAN
PROGRAM
8.18.JUMBONB
CONTACT ME TODAY
TO LEARN MORE!
