Jumbo Cash Out to $2,500,000

Purpose: Purchase and Cash Out - no maximum on the cash to the borrower 


Jumbo Loan Amounts: 
$2,500,000 Maximum

LTV - 85% Maximum


Occupancies:

  • Owner Occupied
  • Vacation Home / Second Home


Property Types:

  • SFR
  • Condo - less than 4 stories 


Terms:

  • 5 year ARM
  • 7 Year ARM

No Pre-payment Penalty. Pay the loan off at any time without incurring a penalty or early termination fee.

Minimum Required Credit Score: 640 Minimum


Credit Notes:

Bankruptcy - 2 years seasoning required.

Foreclosure- 2 years seasoning required

Short Sale- 2 years seasoning required

Loan Modification- 2 years seasoning required

 

States:

Alabama | Arizona | California | Colorado | Connecticut | Delaware | Florida | Georgia | Hawaii | Idaho | Illinois | Indiana | Iowa | Kansas | Kentucky | Louisiana | Maine | Massachusetts | Michigan | Mississippi | Missouri | Montana | Nebraska | Nevada | New Jersey | New Mexico | North Carolina | North Dakota | Oklahoma | Oregon | Pennsylvania | Rhode Island | South Carolina | South Dakota | Tennessee | Texas | Virginia | Washington | West Virginia | Wisconsin | Wyoming

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