JUMBO

How high (and low) can I go?

Jumbo loans in South Florida are loan amounts greater than $424,100. We will lend up to $3 million on a purchase home, with only 5% down up to $1 mm. Unique in the industry, we also offer programs that allow for derogatory history such as short sale, foreclosure, or bankruptcy.

Like hiring a trusted accountant or attorney, it is important to work with a loan officer who understands complicated tax returns, as well as the guidelines that go with them.

In-house & Fast Jumbo

  • Up to $1,000,000 with 5% down
  • Owner occupied
  • 720+ credit
  • Fixed or ARM
  • First time home buyer okay
  • Single family, fee simple (no condos)
  • Maximum four financed properties
  • Close in 30 days!

Super Jumbo

  • Up to $2,000,000 with 20% down
  • Up to $3,000,000 with 35% down
  • Owner occupied
  • 700+ credit
  • Fixed or ARM
  • Approved condos with additional restrictions

Flexible Starting Over Jumbo

  • Up to $3,000,000 with 10% down
  • No mortgage insurance
  • 660+ credit
  • Fixed, ARM, or Interest Only
  • Derogatory event 4 year waiting period
  • Up to 6% seller contribution
  • Gift funds from family okay
  • Approved condos with additional restrictions
  • Various circumstances considered
  • Similar programs with short wait periods on derogatory events

 

Programs and guidelines are not all inclusive and are subject to change.  This is not a commitment to lend.  Applicants must qualify under lenders current guidelines.