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.