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 CriteriaDescription
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