A jumbo loan is defined as a loan whose loan amount exceeds the Fannie Mae conforming loan limit. In Texas, the conforming loan limit is $417,000.
We have a wide array of Jumbo loan products, including some very unusual Jumbos.
Here are the bullet points on these Jumbo loans…
-Owner Occupied to 90% LTV without MI up to $1.5M – 30 YEAR FIXED RATE (very unusual!)
-Non-Owner up to 70% LTV – $1M
-Second Home up to 80% – $1M
-No limits on Cash Out
-Interest Only avail to 80% LTV – $2M
HIGH RESERVE JUMBO
-Allows Min 660 Fico Score
on Purchase & Rate/Term
-36 Months Reserves Required
-Max $5M Loan Amount
-Max 50% DTI
-Max 80% to $1M LTV
-Max $2M Loan Amount
-Min 700 Fico
-Cash-Out and Second Homes Allowed.
-Assets for Income (Asset Depletion)
-Min Loan Amount $300K
Contact us today about your Jumbo Loan.