Any loan amount that is greater than the maximum loan amount described by FNMA guidelines will fall under the "jumbo loan" category. The jumbo loan amount starts at $548,251 and up . There are many different types of loan programs for the jumbo product, such as fixed rate and adjustable rate mortgages.
Traditional Income Documentation
Loan amounts up to $3,000,000
10% Down payment
Starting Credit 599 FICO
Condominium with 20% down payment
Cash out refinance up to 70% of the property value
Our super jumbo loan programs are for loan amount from $3,000,000 to $20,000,000. We also have loan programs available for loan amount greater than $20,000,000 on a case-by-case bases.
Specialty Jumbo Programs
Self Employed Income (Bank Statement)
1099 Income Loans
10% Down Payment Loan with No Mortgage Insurance
Investment Loan up to $5,000,000
No Income Loans for Investors (DSCR).