Products
Jumbo Loan Overview
A jumbo loan is a type of financing that exceeds the limits set by the Federal Housing Finance Agency and cannot be purchased, guaranteed, or securitized by Fannie Mae or Freddie Mac. Homeowners must undergo more rigorous credit requirements than those applying for a conventional loan. Jumbo loans allow you to buy expensive properties. A jumbo loan is not backed by Fannie Mae or Freddie Mac.
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Jumbo Loan Highlights
Prime Full Doc Jumbo (Prime 30 Yrs Fixed/Prime 7/6 ARM)
Max. LTV
80%
Max. Loan Amount
$3M
Min. FICO
720
★Prime 7/6 ARM (30-day Average SOFR/2.75Margin; 5/1/5 Cap, Qualifying Rate is the Higher of Note Rate or Fully Index Rate. Floorrate=margin)
★U.S. Citizens
★Permanent Resident borrowers
★Non-Permanent Resident
★All U.S. citizens, permanent resident global clients, and non-permanent global clients must have a social security number inordertobeeligible.
Expanded Full Doc Jumbo (Expanded 30 Yrs Fixed/Expanded 15 Yrs Fixed)
Max. LTV
80%
Max. Loan Amount
$3M
Min. FICO
700
★DTI up to 50.00%
★No Adjustments for Condo / 2-Unit
★2nd Home and Investment are Eligible for C/O Refinance
★Non-occupant Co-borrowers Welcomed
★Max. Cash on Hand is Up to $500K
★Foreign Nationals are not eligible
Jumbo Flyer
