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What are you looking to do?

What are you looking to do?

Purchase

Purchase

Refinance

Refinance

Prime Jumbo / Super Jumbo Mortgage

Who are our Prime Jumbo / Super Jumbo Mortgages Best Suited For?

This mortgage 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 Mortgages Work

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

Mortgage Program Highlights for Prime Jumbo / Super Jumbo Loans:

  • Loan Amounts up to $5 Million
  • Maximum Loan to Value (LTV) 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
  • Mortgage 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 Mortgage Amount is $300,000.00

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