Jumbo Loan Programs

 FEATURES & PROGRAM GUIDELINES

• Allows Purchases and rate Term Refinances
• Minimum loan amount $300,701
• All jumbo loans must receive an approve – ineligible rating from automated underwriting profiles
• Terms available are 15YR, 30YR Fixed rates and various ARM products

MAXIMUM LTV’S AND LOAN AMOUNTS

PROGRAM I  FULL DOCUMENTATION LOANS – MINIMUM SCORE 620

Max LTV 95% To $400K Purchase & Rate Term Refi’s high rise condo’s over 4 stories require a 680score.

Max LTV 90% To $400K Second Homes Purchase & Refi’s includes high-rise condo’s

Max LTV 80% To $500K Cash-out refi’s low and high rise condo’s

Max LTV 80% To $500K Second Hm Purchase & Refi’s ( High-rise condo Max 75% )

Max LTV 85% To $500K Purchase & Rate Term Refi’s ( High-rise condo Max 80% )

Max LTV 80% To $650K Purchase & Rate Term Refi’s  ( High-rise condo Max 75% )

Max LTV 75% To $650K Purchase & Rate Term Refi’s  ( High-rise condo Max 75% )

Max LTV 75% To $650K Cash-out refi’s all property types except high-rise condo’s

Max LTV 70% From $650,001 - $1,000,000 Purchase & Rate Refi’s ( High-rise condo Max 65% )

Max LTV 65% From $650,000 - $1,000,000 Cash-out refi’s all property types except High-rise condo’s

Max LTV 65% From $650,000 - $1,000,000 Second Homes all property types including High-rise condo’s 

Over $1,000,000 Max LTV and pricing based on case by case only.

LTV’s may be increased by 5% on some programs if credit scores exceed 680

PROGRAM II  LIMITED DOC. LOANS ( ASSETS VERIFIED ) – MINI SCORE 660

Max LTV 75% To $500,000 Purchase & Rate Term Refi’s except High-rise condo’s

Max LTV 70% To $650,000 Purchase & Rate Term Refi’s 

Max LTV 65% From $650,000 to $1,000,000

Loan amounts exceeding $1,000,000 are considered and priced on a case by case basis

PROGRAM III  FULL DOCUMENTATION LOANS – MINI SCORE 620

                   Max LTV 95% To $450,000 Purchase, Rate Term Refi’s & Second Homes

                   Max LTV 90% To $550,000 Purchase, Rate Term Refi’s & Second Homes

                   Max LTV 80% To $750,000 Purchase, Rate Term Refi’s & Second Homes

                   Max LTV 75% To $1,000,000 & Max LTV 70% To $1,500,000

                   Cash-Out Refi’s available Max 80% LTV

                   Loans are documented based on D/U & L/P feedback certificates