Our Products  >  JUMBO LOANS

JUMBO LOANS

JUMBO LOANS

MORE OPTIONS FOR YOUR JUMBO LOANS

Jumbo Purchase loans Fixed/Adjustable with LPMI up to 90% LTV

General Guidelines

  •  Loan amount up to $900k    
  •  Minimum credit score 710   
  •  Max DTI 43%                                                       
  •  Must have AUS Approve/Ineligible or Accept/Ineligible   
  •  Must have 3 bureaus reporting credit scores             
  •  Reserves of at least 6 months PITI                     
  •  At least 5% of down payment must be from borrowers'  own funds   
  •  Third party contributions are limited to 3% of sales price  
  •  Escrow waivers not allowed

Adjustable Rate Options

  •  Qual rate is greater of the initial Note Rate or Fully Indexed Rate (Margin 2.75%)                                
  •  Index is weekly average of the US Treasury Securities adjusted to constant majority of one year  
  • Adjustment Cap +/-5% on first adjustment and +/-2% adjustment thereafter
  • Adjustable product 10/1

Primary Residence one-unit properties.                   Subject to change without notice.