PRIME Jumbo offers:
Minimum Credit Scores 680 for Primary and 720 for investment
With this program you’ll have the edge with competitive rates, simplified guidelines, and fast closings on 30-year fixed. I removed his.. the ability to run DU for approved eligibility
PRIME Jumbo Program
With this program you’ll have the edge with competitive rates, simplified guidelines, and fast closings on 30-year fixed. I removed his.. the ability to run DU for approved eligibility
Loan Parameters:
- Minimum Credit Scores 680 for Primary and 720 for investment
- Loan amounts up to $2 Million
- Primary, Secondary Residences and Investment
- Down payment 10% for primary owner, 20% for second home and 25% for Investor (**for refinance; 90/80/75% loan to value)
- No Mortgage Insurance required
- Available for Purchases and Rate/term Refinance.
- No extra reserves required
- Single Family Residence, Town home or Warrantable Condo acceptable
- S. Citizen, Permanent Resident alien or qualified alien with work visa
- 15 or 30 year terms with fixed rates. Also 5, 7 or 10-year adjustable rate mortgages
- Only one appraisal required for loans up to $2M
- Debt to income ratios up to 45%
- No prepayment penalties
- Seller Contributions up to 3% of the loan amount