As the real estate market grows and home prices soar to new highs, the Bay Area needs new products to fit the appetite of home buyers, homeowners and investors. Designed specifically for markets like the Bay Area, the high limit Portfolio Jumbo loan is the new addition to the family of non-QM (qualified mortgage) loans that enable these borrowers to access up to $2.5 million with as little as 5% down.  Where this loan differs from a true Jumbo or conforming loan is that mortgage insurance is not required with less than 20% down and there are shorter wait periods for credit events, like short sales and foreclosures. Other features include:

• Purchase/Refinance
• Interest Only available
  
• 40 year term
• Non-Owner to 85% LTV
• Cash-out to 95% LTV (owner Occupied)
• Unlimited Properties financed with 70% LTV or below
• Expanded Debt ratios
• Credit Scores as low as 600
• ARMs available
• 2-4 Units

Contact us to see if a Portfolio Jumbo loan fits your needs.