Jumbo Loan Financinc.

[Jerry Padilla]

Correction; Jumbo Loan Financing! 

Jumbo loans start above the counties conforming limit. High balance loans are loans between the standard conforming limit and the county specific conforming limit.

Maximum loan amount for first-time homebuyers not to exceed $1,000,000

• Fixed Rate & Adjustable Rate
• Minimum credit score - 700-760 Depending on LTV
• 1-2 Unit financing options
• Maximim DTI's - 36-43%
• Jumbo Financing is only available if it is mortgage 1-4.
• 2 year employment history, or training and education.
• 6 - 18 months reserve requirement - depending on loan amount
• Primary Purchase and Rate and Term Refinance
  • Maximum Loan Amount / LTV / Minimum Credit Score - 1 Unit
  • • $1,000,000 / 85% / 760
    • $1,000,000 / 80% / 720
    • $1,000,000 / 70% / 700
    • $1,500,000 / 75% / 720
    • $2,000,000 / 70% / 720
  • Maximum Loan Amount / LTV / Minimum Credit Score - 2 Unit
    • $1,000,000 / 65% / 720
    • $1,500,000 / 60% / 720
• Cash Out Financing Options
  • Maximum Loan Amount / LTV / Minimum Credit Score - 1 Unit Only
    • $1,000,000 / 70% / 720
    • $1,500,000 / 65% / 720
    • $2,000,000 / 60% / 720
      • Must have owned the property for 6 months or qualify for delayed financing options
      • Property can not be listed for sale in previous 12 months
      • Maximum cash out is $250,000 to 70% LTV.
      • Maximum cash out is $350,000 to 65% LTV.
      • Maximum cash out is $500,000 to 60% LTV.
      • Loan being paid off must be seasoned for at least six (6) months.
• Second Home Purchase & Rate and Term Refinance
  • Maximum Loan Amount / LTV / Minimum Credit Score - 1 Unit Only
    • 1,000,000 / 75% / 720

Financing Options Available in Most states including, but not limited too; CA, CT, HI, NJ, NY, RI, WA, ME, MD

New York Newark Jersey City, Los Angeles, Long Beach Anaheim, Riverside, San Bernardino, Ontario, Chicago Naperville, Washington Baltimore, Arlington, San Jose, San Francisco, Oakland, Boston, Worcester, Providence, Philadelphia L, Reading, Camden, Dallas, Fort Worth, Miami, Fort Lauderdale, Port St. Lucie, Houston, The Woodlands, Atlanta, Athens, Clarke County, Sandy Springs, 
Detroit, Warren, Ann Arbor, Riverside, San Bernardino-Ontario, Phoenix, Mesa Scottsdale, Minneapolis St. Paul, Cleveland, Akron Canton, Seattle,  Tacoma, Denver, Aurora, San Diego Carlsbad, Portland, Vancouver Salem, Orlando, Daytona Beach, St. Louis, St. Charles Farmington, Tampa-St., Petersburg-Clearwater, 
Baltimore, Columbia, Towson, 
Pittsburgh-New Castle-Weirton, Sacramento, Roseville, Charlotte, Concord