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Jumbo Cash Out Refinance

      02/16/2012    

 

As Much as $1,650,000 Cash Out Available
 

Credit Score Maximum Loan Amounts Max Loan to Value
> 685 $1,000,000 Purchase
65%
Rate and Term
60%
Cash Out
55%
> 685 $3,000,000 60% 60% 55%
651 - 685 $10,000,000 55% 55% 50%
601-650 $3,000,000 50% 50% 50%
Notes:

1. County of Philadelphia, PA - Cash Out Refinances, Investment Properties and 2nd Homes are ineligible.

2. Florida - Investment Condos not eligible.

3. Prepay Penalties - Required on Investment Properties & Second Homes, where Permitted.

Current Specials

5% LTV Reduction for the following
 

Investment Properties 2nd / Vacation Homes

Florida Condos Cash Out Amounts > $100,000 - $200,000

Properties in Florida Cash Out Amounts > $200,000

Coops (NY Only) Bankruptcy or Foreclosure 1-3 Yrs Post Discharge OR Current Mortage.Lates ≥90 - 119 Days

Insufficient Credit County of Philadelphia, PA

2nd / Vacation Homes

Cash Out Amounts > $100,000 - $200,000

Cash Out Amounts > $200,000 10%

Bankruptcy or Foreclosure 1-3 Yrs Post Discharge OR Current Mortage.Lates ≥90 - 119 Days

County of Philadelphia, PA

 

OK - Insufficient Credit

OK - Current 60 or 90 day Mortgage Lates

OK - Bankruptcy / Foreclosure

OK - COOPS (New York PROPERTIES ONLY)

OK - Foreign National/Non Permanent Res Aliens: Purchase / RT ONLY. Max Loan Amount is $2mm.

OK - Up to 4 units

ARM's available

90% Combined Loan to Value OK
-with outside 2nd mortgage

Notes

1. County of Philadelphia, PA - Cash Out Refinances, Investment Properties and 2nd Homes are ineligible.

2. Florida - Investment Condos not eligible.

3. Prepay Penalties - Required on Investment Properties & Second Homes, where Permitted.

Current Specials

reference #111br07231022


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