– AAA Lendings Jumbo Loan – AAA Lendings Detail:
Overview
Loan amount exceeds the limits for a conventional conforming loan.
Program Highlights
30 Years fixed
1) Rental income can be used with 2 years landlord experiences history;
2) No Mortgage Insurance needed;
3) Max. DTI 45%;
4) Max. LTV 85% for purchase & R/T; Max. LTV 75% for C/O;
5) Max number of financed properties: ① Primary – No Limit, ② 2nd & Investment Property – Max. 20;
6) Max. Loan Amount $3.0M;
7) Max. cash-out amount $500,000;
8) Min. 12 months reserves on PITIA;
9) Min. FICO 680.
* Min. Loan Amount: Max Fannie Mae General Loan Limit + $1
10/6 ARM
1) Min. FICO 720;
2) Min. 12 months reserves on PITIA;
3) Max. LTV 80%;
4) Max. Loan Amount $3.0M;
5) Max. Cash Out $350,000;
6) 1-4 Units: Primary;
7) 1 Unit: 2nd home & Investment property;
8) Purchase & R/T Refi & C/O Refi.
7/6 ARM
1) Min. FICO 700;
2) Min. 6 months reserves on PITIA;
3) Max. LTV 89.99%;
4) Max. Loan Amount $2.5M;
5) Max. Cash Out $750,000;
6) 1 Unit & 2 Units;
7) Primary & 2nd Home property;
8) Purchase & R/T Refi & C/O Refi.
What is Jumbo Loan?
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.
In 2022, the FHFA improves the loan limits for all kinds of loan types, especially Jumbo Loans. Please refer to below 2022 loan limits in California, if your loan amount exceeds $970,800, you’re suitable for Jumbo loan.
2022 Loan Limits in California Counties
COUNTY |
1-FAMILY |
2-FAMILY |
3-FAMILY |
4-FAMILY |
ALAMEDA |
$970,800 |
$1,243,050 |
$1,502,475 |
$1,867,275 |
ALPINE |
$647,200 |
$828,700 |
$1,001,650 |
$1,244,850 |
AMADOR |
$647,200 |
$828,700 |
$1,001,650 |
$1,244,850 |
BUTTE |
$647,200 |
$828,700 |
$1,001,650 |
$1,244,850 |
CALAVERAS |
$647,200 |
$828,700 |
$1,001,650 |
$1,244,850 |
COLUSA |
$647,200 |
$828,700 |
$1,001,650 |
$1,244,850 |
CONTRA COSTA |
$970,800 |
$1,243,050 |
$1,502,475 |
$1,867,275 |
DEL NORTE |
$647,200 |
$828,700 |
$1,001,650 |
$1,244,850 |
EL DORADO |
$675,050 |
$864,200 |
$1,044,600 |
$1,298,200 |
FRESNO |
$647,200 |
$828,700 |
$1,001,650 |
$1,244,850 |
GLENN |
$647,200 |
$828,700 |
$1,001,650 |
$1,244,850 |
HUMBOLDT |
$647,200 |
$828,700 |
$1,001,650 |
$1,244,850 |
IMPERIAL |
$647,200 |
$828,700 |
$1,001,650 |
$1,244,850 |
INYO |
$647,200 |
$828,700 |
$1,001,650 |
$1,244,850 |
KERN |
$647,200 |
$828,700 |
$1,001,650 |
$1,244,850 |
KINGS |
$647,200 |
$828,700 |
$1,001,650 |
$1,244,850 |
LAKE |
$647,200 |
$828,700 |
$1,001,650 |
$1,244,850 |
LASSEN |
$647,200 |
$828,700 |
$1,001,650 |
$1,244,850 |
LOS ANGELES |
$970,800 |
$1,243,050 |
$1,502,475 |
$1,867,275 |
MADERA |
$647,200 |
$828,700 |
$1,001,650 |
$1,244,850 |
MARIN |
$970,800 |
$1,243,050 |
$1,502,475 |
$1,867,275 |
MARIPOSA |
$647,200 |
$828,700 |
$1,001,650 |
$1,244,850 |
MENDOCINO |
$647,200 |
$828,700 |
$1,001,650 |
$1,244,850 |
MERCED |
$647,200 |
$828,700 |
$1,001,650 |
$1,244,850 |
MODOC |
$647,200 |
$828,700 |
$1,001,650 |
$1,244,850 |
MONO |
$647,200 |
$828,700 |
$1,001,650 |
$1,244,850 |
MONTEREY |
$854,450 |
$1,093,850 |
$1,322,200 |
$1,643,200 |
NAPA |
$897,000 |
$1,148,350 |
$1,388,050 |
$1,725,050 |
NEVADA |
$647,200 |
$828,700 |
$1,001,650 |
$1,244,850 |
ORANGE |
$970,800 |
$1,243,050 |
$1,502,475 |
$1,867,275 |
PLACER |
$675,050 |
$864,200 |
$1,044,600 |
$1,298,200 |
PLUMAS |
$647,200 |
$828,700 |
$1,001,650 |
$1,244,850 |
RIVERSIDE |
$647,200 |
$828,700 |
$1,001,650 |
$1,244,850 |
SACRAMENTO |
$675,050 |
$864,200 |
$1,044,600 |
$1,298,200 |
SAN BENITO |
$970,800 |
$1,243,050 |
$1,502,475 |
$1,867,275 |
SAN BERNARDINO |
$647,200 |
$828,700 |
$1,001,650 |
$1,244,850 |
SAN DIEGO |
$879,750 |
$1,126,250 |
$1,361,350 |
$1,691,850 |
SAN FRANCISCO |
$970,800 |
$1,243,050 |
$1,502,475 |
$1,867,275 |
SAN JOAQUIN |
$647,200 |
$828,700 |
$1,001,650 |
$1,244,850 |
SAN LUIS OBISPO |
$805,000 |
$1,030,550 |
$1,245,700 |
$1,548,100 |
SAN MATEO |
$970,800 |
$1,243,050 |
$1,502,475 |
$1,867,275 |
SANTA BARBARA |
$783,150 |
$1,002,600 |
$1,211,900 |
$1,506,100 |
SANTA CLARA |
$970,800 |
$1,243,050 |
$1,502,475 |
$1,867,275 |
SANTA CRUZ |
$970,800 |
$1,243,050 |
$1,502,475 |
$1,867,275 |
SHASTA |
$647,200 |
$828,700 |
$1,001,650 |
$1,244,850 |
SIERRA |
$647,200 |
$828,700 |
$1,001,650 |
$1,244,850 |
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AAA LENDINGS is not just a lender; we are your financial partner. We take the time to listen to your financial goals and aspirations, offering guidance beyond the application process. Our commitment to your financial well-being extends far beyond closing the deal, and we are dedicated to helping you achieve your long-term objectives, whether that's homeownership, real estate investment, or debt consolidation. – AAA Lendings Jumbo Loan – AAA Lendings , The product will supply to all over the world, such as: Argentina, Ukraine, Comoros, We care about every steps of our services, from factory selection, product development & design, price negotiation, inspection, shipping to aftermarket. Now we have implemented a strict and complete quality control system, which ensures that each product can meet quality requirements of customers. Besides, all of our solutions have been strictly inspected before shipment. Your Success, Our Glory: Our aim is to help customers realize their goals. We're making great efforts to achieve this win-win situation and sincerely welcome you to join us.
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This manufacturers not only respected our choice and requirements, but also gave us a lot of good suggestions, ultimately, we successfully completed the procurement tasks.
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