Jumbo Cash-Out Refinance Loan – DTI to 55%
Jumbo Mortgage Cash-Out Refinance – 680 Credit Score
This special jumbo cash-out refinance loan program allows homeowners with a 680 credit score to access up to $1,500,000 in cash. This loan option supports a debt-to-income ratio of up to 55%, making it easier for borrowers with higher debt levels to qualify. It is a suitable solution for those needing significant cash while leveraging their home equity. Additional details and highlights below:
Credit Score/ Loan-to-Value/ Loan Amount Matrix ~
| Credit Score | Loan-to-Value | Loan Amount |
| 720 | 85% LTV | $2,000,000 |
| 720 | 80% LTV | $2,500,000 |
| 720 | 70% LTV | $3,000,000 |
| Credit Score | Loan-to-Value | Loan Amount |
| 700 | 80% LTV | $2,000,000 |
| 700 | 75% LTV | $2,500,000 |
| 700 | 70% LTV | $3,000,000 |
| Credit Score | Loan-to-Value | Loan Amount |
| 680 | 75% LTV | 1,500,000 |
| 680 | 75% LTV | $2,000,000 |
| 680 | 70% LTV | 2,5000,000 |
| Credit Score | Loan-to-Value | Loan Amount |
| 660 | 70% LTV | $1,000,000 |
| 660 | 65% LTV | $1,500,000 |
| 660 | 60% LTV | $2,000,000 |
Eligible Property Types:
- Single Family Residence
- Condominium (reduce LTV 5% for >4 Stories
Eligible Occupancies
- Owner-Occupied
- Second Home
- Investment
Purpose: Purchase and Cash Out Refinance
- 85% Loan to Value – Purchase
- 80% Loan to Value – Cash Out Refinance
- Investment
Loan Terms Available
- Interest-Only Available
- Arms and Fixed Terms Available
Highlights:
- No Price-Add to Rate or Fee for Cash Out
- MLS Seasoning Requirement (multiple listing service), OK!
- No Price Add to Waive/Elect Impounds
- Credit Decisions in Less Than 24 Hours
- Quick to Close
- No MI (mortgage insurance)
Available in the Following States:
All states except New York and Massachusetts