Jumbo Loans 95% up to $1.5 Mil (NO MI available)
NEW PRODUCT FOR 2017!
We are proud to introduce the new JUMBO pricing for Jumbo loans up to 95% Loan To Value with or without MI.
Each file is a case by case situation, but here are the basic Criteria for the JUMBO 95% loan products. Please call me for a free consultation on what would be required in your case, or area and estimated Home Purchase Price.
1) JUMBO NO MI, 95% LTV
- 40 year terms with 10 year Interest Only
- NO MI
- 95% to $1.5 Mil with a 720 FICO score requirement
- 85% with minimum 680 Fico Score
- Cash Reserves Requirements- If you are a first time Home buyer, you will need about 12 months cash reserves, and 9 months if not a first time home buyer. Ofcourse the more cash reserves you have the easier it is to get approved.
2) JUMBO MI 95% LTV
- Minimum Loan Amount- $625,000
- MI required if 80% or > LTV
- Minimum FICO 780
- up to 90% ok with 680 FICO , up to $1,000,000 loan amount
- 6 months to 9 months Cash Reserves preferred
these are just 2 of the most recent new loan products available. Please contact me and I can evaluate your qualifications.
You can also now download my Mortagge APP. Convenient way to be in contact with me at your convenience. Useful mortgage info, rates, easily apply for a mortgage through your smart phone ..
Please click the link to download to your Android / or IPhone.
NMLS 359382 AND 359090
BRE LICENSE" 01201910