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