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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