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.