Jumbo Loans

Our suite of jumbo products offers various options which mean more loan choices for your potential buyers. Whatever your jumbo clients' unique set of needs, we can help you find the right solution to help their dreams come true.

Learn More
____________________

Learn More
____________________

Learn More
____________________

Loan amounts from $1 over agency conforming (based upon number of units) - $2 million
30 years Fixed Rate
Purchase, Rate and Term, and Cash-Out Refinances
Properties:
- 1-2 Unit Primary Residences
- 1-Unit Second Homes
- 1-4 Unit Investment Properties
Manually underwritten with Full Documentation required
Limited Condo Reviews permissible per DU findings (FL - Full Review only)
Reserve requirements 6-24 months
LTV’s up to 89.99% without PMI
Min. Credit Score is 680
Maximum DTI varies by property type and income source:
- 36% for LTVs > 80%
- 45% for LTVs ≤80%
Business assets may be used for funds to close and reserves with additional requirement met
Appraisal Requirements based on Combined Loan Amounts and transaction type:
- Purchase Transactions:
  - 1 Full URAR Appraisal ≤ $2MM plus CDA Desk Review with MLS
  - 2 Full URAR Appraisals > $2MM
- Refinance Transactions:
  - 1 Full URAR Appraisal ≤ $1.5MM plus CDA Desk Review with MLS
  - 2 Full URAR Appraisals > $1.5MM
Crypto currency may be exchanged into U.S. dollars and used for down payment, closing costs and reserves

Loan Amounts from $766,551 up to $4 Million
Maximum LTV/CLTV 80%
Primary and Second homes
Purchase, Rate Term and Cash-Out Refinances
Loan Terms
- 15-Year Fixed Rate
- Fully Amortizing 30-year ARMs: 5/1, 71/ and 10/1
- Interest Only: 5/1, 71/ and 10/1 ARM (Max. of $2M (no cash out))
Min. FICO
- 720 for loans amounts up to $766,550
- 720-740 for fully amortized jumbo loans from $766,551 up to $4 Million
- 740 for Interest-Only (all loan amounts)
Cash-out refinances
- Pay off non-seasoned, non-purchase money second mortgages on a primary residence
  and Cash-Out up to $500,000

89.99% LTV on Primary residence
Loan Amounts from $766,551 up to $3MM
15 or 30 Year Fixed Rate
Available for First Time Home Buyers
Permanent and Non-permanent resident aliens are eligible
Primary, Second home, and Investment Properties (1-4 units)
Purchase, Rate/Term, and Cash-Out Refinance
Gift funds are allowed after a 5% borrower contribution of funds
Employment, Income, and Liabilities now follow the requirements per the Fannie Mae Selling Guide or Freddie Mac Seller/Servicer Guide.
Revolving debt paid off before or at closing does not require the closing of the account to exclude this debt from the debt-to-income ratio.
Rental income and conversion of a departing primary residence into an investment property are now permitted per Fannie Mae or Freddie Mac requirements.
Recertification of value is now acceptable when the appraisal will be more than 120 days by loan closing, extending the original appraisal to 12 months from its effective date to the date of loan closing.