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.
