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What are you looking to do?

What are you looking to do?

Purchase

Purchase

Refinance

Refinance

Multi-Family (5-8 Units) Jumbo Mortgage

No Tax Returns Needed, Qualify Using Rental Income, or Bank Statements.

10-Year Interest Only Payment Option with No Balloon Payment

Multi-Family Jumbo Loans up to $3.5 Million

Loan Value Up to 75% LTV

Leverage more of your property's value, freeing up cash and letting your money work harder for you.

Interest Only 30-Year Amortization

Lower Your Monthly Payment with a 40 Year Fixed with a 10 Year Interest Only Payment

Program Details:

  • Multi-Family Properties from 5-8 Units
  • Loan Amounts up to $3.5 Million
  • Up to 75% LTV
  • No Balloon Payment
  • A minimum 680 credit score is required for the program
  • Unlimited Cash Out Refinance Option is Available
  • Qualify Using Rental Income (Debt Service Coverage Ratio)
  • Lower Your Monthly Payment with a 40 Year Fixed with a 10 Year Interest Only Payment
  • Loan Amortizes to a 30 Year Fixed Rate Mortgage after the first 10 Years

Pay Interest Only On all MBANC Loan Programs

Bank Statement Jumbo ImageBank Statement Jumbo

This loan allows you to use your Bank Deposits instead of "traditional" income documentation i.e., Tax Returns

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1099 Jumbo Image1099 Jumbo

Applicant who generates income either in the form of Commissions or as an Independent Contractor

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Rental Income DSCR ImageRental Income DSCR

Ideal for an investor who wants to use the Cash Flow from the property as a means of qualifying

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Prime Jumbo ImagePrime Jumbo

Purchase or Refinance a home with a Loan Amount greater than the Fannie Mae Loan Limit of $510,400 for a single-family home

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Foreign National ImageForeign National

Individuals who live and work in the United States that want to purchase but may not have proper documentation

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Interest Only Jumbo ImageInterest Only Jumbo

With a 10-year interest-only mortgage, consider another benefit: the period of time that you have a rate lock expires only at the end of the initial ten years

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Multi-Family Jumbo ImageMulti-Family Jumbo

No tax returns needed, qualify using rental income, or bank statements. 10 year interest only payment option with no balloon payment. Loans up to $3.5 million

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MBANC, A MORTGAGE LENDER. MORTGAGE BANK OF CALIFORNIA DBA MBANC. NMLS ID # 38232 (NMLS CONSUMER ACCESS SITE). ARIZONA MORTGAGE BANKER LICENSE - LICENSE # 0943170. CALIFORNIA - DBO FINANCE LENDERS LAW LICENSE - LICENSE # 60DBO45280. CALIFORNIA - DRE REAL ESTATE CORPORATION LICENSE ENDORSEMENT - LICENSE # 01521655. COLORADO MORTGAGE COMPANY REGISTRATION - REGULATED BY THE DIVISION OF REAL ESTATE. CONNECTICUT MORTGAGE LENDER LICENSE - LICENSE # ML-38232. DISTRICT OF COLUMBIA MORTGAGE DUAL AUTHORITY LICENSE - LICENSE # MLB38232. FLORIDA MORTGAGE LENDER LICENSE - LICENSE # MLD1287. GEORGIA MORTGAGE LENDER LICENSE/REGISTRATION - LICENSE # 48090 (DBA MBOC HOME LOANS). HAWAII MORTGAGE LOAN ORIGINATOR COMPANY LICENSE - LICENSE # HI-38232 (DBA MBOC HOME LOANS). IDAHO MORTGAGE BROKER/LENDER LICENSE - LICENSE # MBL-2080038232. ILLINOIS RESIDENTIAL MORTGAGE LICENSE - LICENSE # MB.6761396. MARYLAND MORTGAGE LENDER LICENSE - LICENSE # 21870. MICHIGAN 1ST MORTGAGE BROKER/LENDER LICENSE - LICENSE # FL0022526. NEW JERSEY RESIDENTIAL MORTGAGE LENDER LICENSE - REGULATED BY THE DEPARTMENT OF BANKING & INSURANCE. NORTH CAROLINA MORTGAGE LENDER LICENSE - LICENSE # L-183446. OHIO RESIDENTIAL MORTGAGE LENDING ACT CERTIFICATE OF REGISTRATION - LICENSE # RM.804374.000. OREGON MORTGAGE LENDING LICENSE - LICENSE # ML-5804. PENNSYLVANIA MORTGAGE LENDER LICENSE - LICENSE # 71003. SOUTH CAROLINA-BFI MORTGAGE LENDER / SERVICER LICENSE - LICENSE # MLS - 38232, MLS - 38232 OTN #1 (DBA MBOC HOME LOANS). TENNESSEE MORTGAGE LICENSE - LICENSE # 178934. TEXAS - SML MORTGAGE BANKER REGISTRATION - REGULATED BY THE DEPARTMENT OF SAVINGS AND MORTGAGE LENDING. UTAH MORTGAGE ENTITY LICENSE - LICENSE # 10877496, 10826912, 10827018. VIRGINIA LENDER LICENSE - LICENSE # MC-6638. WASHINGTON CONSUMER LOAN COMPANY LICENSE - LICENSE # CL-38232. WYOMING MORTGAGE LENDER/BROKER LICENSE – LICENSE # 3912. NMLS CONSUMER ACCESS SITE NEITHER MBANC NOR MORTGAGE BANK OF CALIFORNIA IS A CHARTERED BANK OR TRUST COMPANY, OR DEPOSITORY INSTITUTION. THEY ARE NOT AUTHORIZED TO ACCEPT DEPOSITS OR TRUST ACCOUNTS AND ARE NOT LICENSED OR REGULATED BY ANY STATE OR FEDERAL BANKING AUTHORITY.


APR of 6.627% BASED ON AN INVESTMENT PROPERTY CASH OUT 60% LTV WITH A FICO OF 688 ON A POSITIVE DEBT SERVICE TRANSACTION WITH 1% ORIGINATION FEE WITH A LOAN AMOUNT OF 177K APR OF 7.757% BASED ON A PRIMARY PROPERTY CASH OUT AT 55% LTV WITH A FICO OF 652 ON A 24 MO BUSINESS BANK STATEMENT TRANSACTION WITH A $9000 ORIGINATION FEE WITH A LOAN AMOUNT OF 605K APR OF 7.275% BASED ON AN INVESTMENT PROPERTY PURCHASE AT 75% LTV WITH A FICO OF 762 ON A NEGATIVE DEBT SERVICE TRANSACTION WITH 1.25% ORIGINATION FEE WITH A LOAN AMOUNT OF 1,269,750 APR OF 5.298% BASED ON A PRIMARY PROPERTY PURCHASE AT 80% LTV WITH A FICO OF 773 ON A 12 MO BANK STATEMENT TRANSACTION WITH A 2% ORIGINATION FEE WITH A LOAN AMOUNT OF 184K THE ABOVE INFORMATION IS BASED ON SPECIFIC SCENARIONS. RATES AND FEES ARE SUBJECT TO CHANGE AND BORROWERS MUST MEET GUIDELINE CRITERIA TO QUALIFY. - HETER ISKA