Prime Jumbo / Super Jumbo

Who are our Prime Jumbo / Super Jumbo Loans Best Suited For

This loan is a great option for someone looking to Purchase or Refinance a home with a Loan Amount greater than the Fannie Mae Loan limits of $510,400 for a Single-Family Home.

How Prime Jumbo / Super Jumbo Loans Work

These loans are Portfolio Loans that are not connected to any Government Agency. These loans are geared for A paper borrower. Approvals are heavily focused on your credit worthiness coupled with a deep dive into your Income and Assets.

Loan Program Highlights for Prime Jumbo / Super Jumbo Loans

  • Loan Amounts up to $5 Million
  • Maximum Loan to Value is 80%
  • To qualify it must be Full Documentation ONLY. We require Tax Returns for proof of income and Bank Statements for proof of assets
  • A minimum credit score of 700 is required for the program
  • Max DTI is 43%
  • Minimum of 12 Months Reserves required
  • This program is eligible for Purchase transactions or Refinance Rate and Term or Cash Out. Unlimited Cash Out options are available
  • The occupancy is limited to Primary Residence and Second Home. No Investment properties are eligible on this program
  • Single Family Homes, Condominiums and 2- Unit homes are all eligible for financing. If you are financing a 2-unit home the borrower must occupy one of the units
  • Non-Occupying Co Borrowers may be used to Qualify
  • First Time Home Buyers are Eligible
  • Delayed Financing options are available
  • 30 Year Fixed, 15 Year Fixed, 5/7/10 year ARM – Available
  • Permanent Resident Alien and Non-Permanent Resident Alien Financing Options available
  • 100% gift funds allowable for Down Payment, Closing Costs and Reserves
  • Gift of Equity allowed for Down Payment and Closing Costs
  • UNLIMITED Cash Out up to 80% LTV
  • Loan Amounts over $1 Million Dollars requires 1 Full Interior/Exterior Appraisal and one Drive by Report by a separate appraisal
  • Unlimited Financed /Owned Properties on Owner Occupied
  • Minimum Loan Amount is $515,000.00