FHA and Investor Specialist

Super Jumbo Mortgage Lender:  It appears that the market may be finally loosening up just a bit for us a Super Jumbo Mortgage Lender.  Currently we have some competitive programs for those looking to finance a mortgage loan of 1 Million or more.  Keep in mind that these loan programs are designed for excellent credit scores, full documentation loans, and asset reserves will be required.  Expect the appraisal to be scrutinized closely as well. Co-Op programs are available only in specific geographic regions of the New York 5 Borough area and require prior approval of that Co-Op Complex.  New Jersey Co-Ops are available on a case by case basis if the Co-Op Management Corporation has prior approval.  Condo's will also have to be on our approved list.

Our primary market as Super Jumbo Mortgage Lender is the tri-state Connecticut, New Jersey, and New York area.  We will certainly lend in other areas as long as there are comparable properties to support the value for a property.

Our current owner-occupied guidelines on our Non-Agency Fixed Full Doc Product Specs allow for purchase and no-cash-out refinancing of up to a 75-80% loan-to-value for 1 Unit Single Family Homes, approved Condo's, and approved Co-Ops.  For loan amounts up to 1.5 Million for the same properties, we can lend up to a 70-75% loan-to value.  For up to a 2 Million Dollar property value, we can lend up to a 65-70% loan-to-value. *Some restrictions may apply in Loan-to-value apply in declining market areas.*

I have heard of exceptions being made internally for financing above the 2 Million Dollar amount, so be sure to let me know if you require financing above 2 Million dollars. We can make the necessary exception request, along with the necessary supporting documentation for a Super Jumbo Mortgage Lender. I have heard of loans for 7 Million Dollars closing on an exception basis as well as loan-to value exceptions.  We want to make loans so if we put our best case forward, we can give it a shot.  Not bad for a purchase, cash-out or no cash-out refinance by a Super Jumbo Mortgage Lender! 

Cash-out refinances for 1-2 unit properties and 3-4 unit property purchase and no cash-out refinance money programs are available as well as a Super Jumbo Mortgage Lender at reduced loan to values.  Credit restrictions and guidelines are a bit tighter on these property types.

As always, I am available any time to discuss your particular financing needs.  There is no-cost for an initial consultation and no obligation.  I have 19 years experience in the mortgage field and can make the necessary requests as a Super Jumbo Mortgage Lender if needed to get your deal done.  If I can't find a way to get your loan done, I will give you my honest insight as to how and when you can get your loan done.  I pride myself on my networking within the industry in order to learn what can and cannot be done.