Jumbo and Super Jumbo Loan
These loans do not conform to the guidelines established by Fannie
Mae or Freddie Mac or exceeds the conventional loan limit is called
a Jumbo loan. These loan amounts can go up to 10 million dollars.
Loan to value limits for Jumbo loans range from 50% to 100% depending
on the loan amount.
Cash Out for Home Improvements or Debt Consolidation, etc.
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Loan amounts range from $322,701-$10,000,000.
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Fixed Rate - Fixed rate mortgage in a variety of terms available.
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One Year Treasury ARM - One year adjustable rate mortgage that adjusts annually.
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3/1 Treasury ARM - Adjustable rate mortgage available that has a fixed rate for the first three years and adjusts annually afterward.
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5/1 Treasury ARM - Adjustable rate mortgage availablefor loan amounts that has a fixed rate for the first five years and adjusts annually afterward
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7/1 Treasury ARM - Adjustable rate mortgage for loan amounts that has a fixed rate for the first seven years and adjusts annually afterward.
HOME LOAN DOCUMENTATION REQUIREMENTS
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