A Variety of Unique Jumbo Construction Loan Programs

Jumbo Construction Loans - Guidelines and Highlights.

Below is a list of some of our "Jumbo" Construction loan programs.

Let us know if you have any questions. Do not try to pre qualify yourself; call Customer Service 858-222-7534 to speak to a Mortgage Expert or fill out a Pre Qualification form.

  • Jumbo Purchase Loan for the First-Time Homebuyer to $1,000,000

    Purchase and Cash Out Refinance

    Loan Amount / Cash Reserves/Liquid Assets Requirements:

    • 1 million - 6 months reserves (Equal to 6 months of housing expense, principle, interest, tax, and insurance)
    • $1,500,000 - 9 Months Reserves
    • $2,000,000 - 12 Months Reserves
    • $2,500,000 - 18 Months Reserves

    $1,000,000 maximum loan amount for first time home buyer

    Acceptable income:

    • Rental Income
    • Alimony
    • Child Support
    • Note Income
    • Capital Gains
    • Dividends
    • Stocks Options

    Cash Out Available for Second Home

    Available terms:

    • 15 Year Fixed
    • 30 Year Fixed
    • 5/1 Year ARM
    • 7/1 Year Arm
    • 5/1 Year ARM

    Underwriting Notes:

    • Mortgage Insurance Needed
    • 10% Maximum Gift Funds OK
    • Down Payment Sourced:
    • Equity Gift - OK
    • Seller Contributions OK
    • Gift Funds OK

    Credit Notes:

    • No bankruptcy, foreclosure or short sale
    • Minimum 2 open tradelines
    • Construction to permanent ok
    • Broker credit report ok (no extra credit check)
    • Detached Condos OK
    •  All 50 states

     

    Ref# 147 525012215

  • High LTV Hard Money Jumbo Loan

    This hard money residential loan has a very high Loan-to-Value (LTV) ratio of 80%. Most hard money lenders max out at 65%, sometimes 70%. So 80% is huge. It can be used as a Fix and Flip, Blanket loan, Bridge loan, Construction Loan and can also bail a borrower out of any housing event; short sale, foreclosure, bankruptcy, Notice of Default (NOD), Notice of Sale (NOS). Below you'll see some underwriting highlights.

    Loan purpose:

    • Purchase
    • Refinance
    • Cash Out Refinance and Construction

    Blanket, Bridge and Fix and Flip

    Loan limits:

    80% LTV

    Maximum loan amount - $3,000,000

    Term: 12 months

    Property types:

    • Single Family Residence (SFR)
    • 2-4 Unit
    • Condos and Townhomes

    Non-Warrantable Condos

    Manufactured homes

    Mixed Use  

    Unconventional Property Types:

    • Dome homes
    • Modern style
    • Historical
    • Log homes

     Non Owner Occupied only

    1-4 units 

    States available:

    Alabama, Arkansas, Arizona, California, Connecticut, Florida, Georgia, Iowa, Illinois, Kansas, Massachusetts, Maryland, Maine, Michigan, North Carolina, New Jersey, New York, Ohio, Pennsylvania, South Carolina, Texas, Virginia, Washington, Wisconsin

     

    Reference# - 55214

  • This hard money lender will do primary residential loans which are somewhat rare.

    Purpose:

    • Purchase
    • Refinance, Rate & Term and Cash out
    • Refinance - Cash Out. $750,000 Maximum
    • Construction
    • Bridge Loan
    • Blanket Loan

    Loan Amounts:

    $125,000 to $5,000,000

    Eligible Property Types:

    • Single Family Residence SFR
    • 1-4 Unit residential and commercial
    • Condos
    • Townhomes
    • Non-warrantable condominiums
    • Mixed-use

    Eligible Occupancies:

    • Owner Occupied
    • Non Owner Occupied
    • Non-Occupant c-borrower OK

    Eligible Borrowers:

    • Foreign Nationals
    • Foreign legal entities
    • Probate OK

    Underwriter Notes:

    No seasoning requirements for Foreclosure, Bankruptcy, Short Sale, Notice of Default, Notice of Sale

     

    Reference# - 44154

  • Home Builder Construction Loan Program

    This is a short-term construction loan for home builders for subject properties located in Arizona, California, Colorado, Idaho, Illinois, Michigan, North Carolina, South Carolina, Ohio, Oregon, Texas, Utah, and Washington.

    Stated Income goes to 1 Million

    • 70% LTV (loan-to-value)
    • 85% LTC (loan-to-cost)

    Loan Amounts:

    • Maximum Loan Amount - 1 Million
    • Minimum Loan Amount - 50K

    Available Terms:

    • 4 months
    • 6 months
    • 9 months
    • 12 months

    Shorter-term - lower cost

    Blanket Loan available

    Construction Completion

    Draw Disbursement

    Eligible Property Types:

    • Single FamilyResidence SFR
    • 2 Unit
    • 3 Unit
    • 4 Unit

    Occupancies:

    • Owner Occupied and Non Owner Occupied

    Eligible Borrowers

    • Legal Entities - Yes
    • Foreign Nationals - Yes

    Underwriting Notes:

    Lender qualifies the lowest middle credit score of both borrowers