With the secondary market having contracted, it is often difficult to find financing for Non-Fannie Mae loan programs. I am pleased to announce Gateway Funding is now offering a great Jumbo ARM program in the States of Connecticut, New Jersey, and Delaware, as well as in selected counties in Pennsylvania.(Berks, Bucks, Chester, Lehigh, Montgomery, and Northhampton only)
Highlights of this program include full doc loans on single family, primary residences of up to a 75% LTV to 1,250,000, and up to a 70% LTV to 1,500,000. These LTV's are good for Purchases, Rate/Term Refinances, and Cash-out Refinances. The minimum credit score for these loan programs is 680. As always, certain restrictions apply and this does not constitute a commitment to lend. Available to qualified applicants only.
All in all, this is a great program for Jumbo loans!
Michael Byrne
Gateway Funding Diversified Mortgage Services, L.P. is licensed by the PA Department of Banking as a first mortgage banker and licensed pursuant to the PA Secondary Mortgage Loan Act; Arkansas Mortgage Company License; Licensed by the Department of Corporations under the California Residential Mortgage Lending Act; DC Mortgage Lender and Broker; a Georgia Residential Mortgage Licensee (#15499); Illinois Residential Mortgage Licensee; Kansas licensed Mortgage Company; Massachusetts Mortgage Lender and Broker (#MC-3052); Licensed by the New Hampshire Banking Department (#10192-MBB); Licensed by the NJ Department of Banking and Insurance; Licensed Mortgage Banker NYS Banking Department; a Mortgage Lender and Broker in Rhode Island; Gateway Funding is also authorized or exempt as a mortgage banker in AL, CO, CT, DE, FL, IN, IA, ME, MD MI, MN, MO, MT, NE, NV, NM, NC, OH, OK, OR, SC, TN, TX, UT, VT, VA, WV, and WI. This is not an offer to extend credit to any individual who may be entitled to a more complete disclosure per RESPA, TILA, HOEPA or any other more applicable federal, state or local law or regulation, Rates, Terms, Fees and Equity requirements are subject to change without notice. For qualified borrowers only. © 2006 Gateway Funding Diversified Mortgage Services, L.P.
Michael Byrne
Mortgage Specialist
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There will be a huge market for these products, Michael...
i arizona, there is a growing demad for these products. I am hoping that this money does not dissapear. It is hard enough as it is
Thanks, James. Unfortunately we do not offer this product in your neck of the woods-perhaps a local portfolio bank has them in your area.
Good Luck,
MRB