We can assist you in finding a jumbo mortgage with a fixed interest rate and low down payment requirements. As the number of jumbo mortgage loan programs offered by banks and mortgage lenders continues to dwindle, it is more important than ever to find a mortgage broker that can help you get the financing you need for a high-priced home purchase or refinance. No mortgage insurance is needed for the $1,500,000 maximum loan size on our fixed-rate jumbo mortgages at SteveKnowsLoans.
Under the present rules, a credit score of 760 will get you approved for a purchase loan or a rate or term refinance with a 30-year loan term. Loan amounts of up to $3,000,000 may be available if the property will serve as the borrower’s principal residence. Our maximum loan-to-value (LTV) for home equity refinances is 70%.
Highlights from the Software:
- Home loans up to $1.5 million, 90% LTV, 760 credit score, no MI requirements for purchases, and rate or term refinances
- Limiting first-time homebuyer and rate/term refinance loan amounts to $3 million
- Home equity cash-out refinancing up to 70% loan-to-value
- A 90% LTV, a 760 credit score, and no MI requirements are available for second home purchases up to $1 million.
- Second home rate and term refinancing up to 80% loan-to-value
- Loan amounts of $2 million for purchases require only a single comprehensive URAR evaluation.
- One URAR appraisal is needed for loans below $1.5 million when refinancing.
- Loans for the self-employed
- principal residences (1-2 units), vacation homes (1 unit), and condos or PUDs with valid warranties
- Appraisal management companies (AMCs) must be used to order all mandatory appraisals.
- The lowest amount a borrower can get is $417,000. Conforming loans with balances up to the agency maximum are permitted.
SteveKnowsLoans, based in Florida, is an expert in the jumbo mortgage industry. Please get in touch with us if you are comparing rates or programs for a jumbo loan and allow us to demonstrate our capabilities. In addition to our standard jumbo loan program, we provide a popular jumbo loan program for non-U.S. citizens who wish to engage in the real estate market. Please contact us; you won’t regret it.
Call Steven Jackson at 813-616-9411 now!
