Super jumbo investor financing is available for loan amounts up to $30,000,000. The program uses manual underwriting and in-house credit decisions for real estate investors who may require financing outside standard jumbo or conventional lending guidelines.
Personal income documentation is not required. Qualification is based on the property, borrower credit profile, assets, reserves, transaction structure, and other applicable underwriting requirements.
No Personal Income Documentation Required
Borrowers are not required to document personal qualifying income for this program. Traditional debt-to-income qualification is not required in the same manner as a conventional full-documentation mortgage.
Manual Underwriting and Credit Decisions
Loans are reviewed through a manual underwriting process rather than relying exclusively on automated underwriting findings.
Credit decisions are made in-house and require a second-signature review before final approval. This structure allows the complete borrower, property, asset, and transaction profile to be considered during underwriting.
Super Jumbo Loan Amounts
Loan amounts are available up to:
- $30,000,000 Maximum Loan Amount
Maximum financing is subject to property value, transaction type, credit profile, liquidity, reserves, collateral, and other underwriting requirements.
Cash-Out Refinance Options
Cash-out refinance transactions are permitted, including transactions using an interest-only loan structure.
Program features include:
- Interest-Only Available for Cash-Out Refinance
- Unlimited Cash-Out Subject to Underwriting
- Cash-Out Proceeds May Be Used Toward Reserve Requirements
Existing property equity, collateral, borrower liquidity, and the overall transaction are reviewed when determining maximum cash-out eligibility.
Interest-Only Financing
Interest-only payment options are available for qualifying investor transactions.
Interest-only financing may also be used with cash-out refinance transactions, subject to the requested loan amount, property, credit profile, and other underwriting requirements.
Bridge Financing
Bridge financing is available for qualifying real estate transactions requiring short-term financing between the acquisition, sale, refinance, or repositioning of properties.
Eligibility is based on the borrower’s proposed transaction structure, available equity, liquidity, collateral, and exit strategy.
Reverse 1031 Exchange Financing
Reverse 1031 exchange transactions may be considered when a borrower acquires a replacement investment property before disposing of the existing relinquished property.
The transaction must meet applicable lender, title, entity, and exchange requirements.
Cross Collateralization
Multiple investment properties may be used as collateral to support a qualifying transaction.
Cross-collateralized financing may be available up to 80% LTV, allowing equity from additional investment properties to be incorporated into the financing structure.
Real Estate Investor Eligibility
The program is available to both experienced and first-time real estate investors.
- First-Time Investors Permitted
- No Previous Landlord Experience Required
- Departing Residence Rental Income May Be Considered
- New Rental Agreements May Be Considered
- Business Entity Vesting Permitted
Final eligibility remains subject to the complete borrower and transaction profile.
Reserve Requirements
A minimum of six months of reserves is required.
- 6 Months Reserves
- No Additional Reserve Requirement for Additional Real Estate Owned
- Qualifying Cash-Out Proceeds May Be Used Toward Required Reserves
Reserve requirements remain subject to the specific loan structure and underwriting review.
Gift Funds
Gift funds are permitted for qualifying transactions when the source and use of funds meet applicable underwriting requirements.
Gift funds may be used in conjunction with the borrower’s own funds, reserves, equity, and other acceptable assets where permitted.
Eligible Property Types
Eligible residential investment properties include:
- Single-Family Residences
- Two-Unit Properties
- Three-Unit Properties
- Four-Unit Properties
Property eligibility is subject to appraisal, condition, occupancy, value, and other applicable underwriting requirements.
Business Entity Vesting
Investment properties may be vested in an eligible business entity where permitted.
Entity documentation, ownership structure, guarantees, and other requirements are reviewed as part of underwriting.
Loan Scenario Review
A preliminary loan scenario may be reviewed without requiring an initial credit check. Property information, requested loan amount, estimated credit profile, assets, and transaction details may be used to determine potential program eligibility before a complete loan application is submitted.
Available in the Following States
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, Washington, and Wisconsin.
Last Updated on 4 weeks ago by Broker Mortgages