These loans
do not conform to the guidelines established by Fannie Mae or
Freddie Mac or exceeds the conventional loan limit is called
a Jumbo loan. These loan amounts can go up to 2 million dollars.
Loan to value limits for Jumbo loans range from 50% to 95% depending
on the loan amount.
With this
jumbo loan, borrowers can maximize their cash flow by making
fixed rate interest only payments during the first five years
of the 30 year jumbo loan. By freeing up their funds this loan
program allows borrowers to direct their savings to short term
investments or other interests. This can add up to substantial
monthly savings and increased purchasing power.
Cash Out
for Home Improvements or Debt Consolidation, etc.
Loan amounts
range from $288,000-$2,000,000.
Fixed Rate
- Fixed rate mortgage in a variety of terms up to $2,000,000
loan amount.
One Year
Treasury ARM - One year adjustable rate mortgage that adjusts
annually for loan amounts to $3,000,000.
3/1 Treasury
ARM - Adjustable rate mortgage for loan amounts to $2,000,000
that has a fixed rate for the first three years and adjusts
annually afterward.
5/1 Treasury
ARM - Adjustable rate mortgage for loan amounts to $2,000,000
that has a fixed rate for the first five years and adjusts annually
afterward.
7/1 Treasury
ARM - Adjustable rate mortgage for loan amounts to $2,000,000
that has a fixed rate for the first seven years and adjusts
annually afterward.