Non-Conforming Jumbo Mortgages – Approval

• 12- or 24-month bank statements, using either personal or business accounts.
• 2-year min self-employed required
• Must own at least 50% of the business to use business bank statements.
• For owner-occupied single-family purchase
• Borrowers should have 720+ credit when financing the max 90% loan to value. Lower credit scores are permitted with a greater down payment of over 10%
• Loan limits:  90% financing up to $2,000,000 loan limits
• Loan limits: 85% financing up to $3m
• Higher loan amounts over $3m are permitted with a larger down payment
• NO PMI mortgage insurance
• Available with either fixed interest rates or adjustable rate options
• Available for purchase, regular refinance up to 90%, and cash-out refinance up to 80% loan to value.