Jumbo Loans

Jumbo Loans exceed the conforming loan limit of $453,100. This fixed-rate mortgage product allows for purchase of homes priced between $525,000 and $5 million. The adjustable-rate mortgage product (ARM) allows for balances ranging from $453,100 to $5 million. Jumbo products require a minimum down payment of 20%.

Lending Criteria Description
Purpose:
  • Purchase and Refinance
Property Type:
  • Single Family Residence (1-4)
  • Condominium
  • Townhomes
  • Planned Unit Developments
Max Loan-to-Value:
  • Purchase: 80%
  • Refinance: 80%
  • Cash-out: 70%
Minimum Credit Scores:
  • 700
Prepayment Penalty:
  • None
Maximum Debt-to-Income (DTI):
  • 43%
Recourse:
  • Yes
Broker Fee:
  • None
Terms:
  • 30 / 15-Years Fixed
  • 5 / 7 / 10-Years ARM’s
  • 5 / 7 / 10-Years ARM’s – Interest Only
Loan Amounts:
  • $453,100 – $3,000,000
Closing Timeframes:
  • 45-60 days
Amortization:
  • 15 & 30-Years
Collateral:
  • 1st Trust Deeds
Other Costs:
  • All 3rd Party Fees
This information is NOT a loan approval or commitment to lend. The actual loan amount, interest rate, fees, costs and monthly payment on your specific loan transaction can vary and will depend on your choice of loan product and your unique credit profile. Loans (in CA) will be made pursuant to BRE License #02001852 & NMLS License #1463667. Loan Brook, Inc. is an equal housing lender