2nd Home– (ARM guidelines)
0 – $1,000,000 – 70% LTV
$1,000,001 – $1,500,000 – 65% LTV
Exceptions above 1.5 M limited to 60% LTV
- Fixed Rate Jumbo Loans (loan over 417K),
- ARMs (5/1, 7/1 & 10/1 ARM’s)
For a specific rate quote, each person’s rates are based on your loan amount, LTV, Fico Score & DTI ratio
Fixed RATE JUMBO LOAN Guidelines
Primary Residence
90% LTV,
Loan Amounts up to 3 Million
Less than 12 months seasoning is: 80%
Some situations are a lower LTV
Maximum Debt to Income (DTI) ratio: 45%
ARM Jumbo Loans, above $417,000
30 YR Amortization
5/1 ARM Interest rates available
7/1 ARM, Interest rates available
10/1 ARM Interest rates available
Primary Residence – (ARM guidelines)
0 – $1,000,000 – 80% LTV (up to 50% DTI)
$1,000,001 – $2,500,000 – 70% LTV
$2,500,001 – $3,000,000 – 65% LTV
Loans above 3 M, can go to 5 to 5.5 M loan amount, limited to 60% LTV
Investment Property– (ARM guidelines)
0 – $1,000,000 – 50% LTV
Exceptions above this loan amount.
Minimum FICO on all Loans is 720 (Exceptions with lower FICO on case-by-case basis)
DTI – 40% (Exceptions on DTI on case-by-case basis)
Minimum of 12 months PITI in Reserves (No Exceptions to this rule and the more assets the better for other exceptions
