Jumbo Cash Out to $1,500,000
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 - 1 year seasoning required.
Foreclosure- 1 year seasoning required
Short Sale- 1 year seasoning required
Loan Modification- 1 year seasoning required
Available in the Following States:
Alabama, Arizona, California, Colorado, Connecticut, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansa, Kentucky, Louisiana, Maine, Massachusetts, Michigan, Mississippi, Missouri, Nevad,| New Jersey, New Mexico, North Carolina, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee,| Texas, Virginia, Washington, West Virginia, Wisconsin, and Wyoming
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