$2,000,000 with only  5% Down -- $3,000,000 with only 10% Down

Super Jumbo Loans, only 5% Down & No Mortgage Insurance (MI)

 

5/1 and 7/1 ARMs, features include:

 

• Only 5% Down for Purchase and Rate/Term Refinances to $2,000,000 with 740 FICO and 9 months' reserves, No MI.

 

• Only 10% Down for Purchase and Rate/Term Refinances to $3,000,000 with 740 FICO and 9 months' reserves, No MI.

 

• Interest-Only ARM loans up to $3,000,000 with only 10% Down and 740 FICO or 25% Down with 700 FICO.

 

• DTI Ratios to 45%

 

• Cash-out refinancing to $500,000 cash-in-hand or $750,000 for debt consolidation or debts to be paid at closing.

 

• Delayed financing for cash buyers allowed.

 

• Allowed to qualify with Asset Depletion.

 

• 100% gift funds permitted from family members.

 

• 1-4 unit properties, 1 unit Co-operatives, PUDS, warrantable and non-warrantable condos allowed!