A Variety of Unique Jumbo Construction Loan Programs

Jumbo Construction Loans - Guidelines and Highlights.

Below is a list of some of our "Jumbo" Construction loan programs.

Let us know if you have any questions. Do not try to pre qualify yourself; call Customer Service 858-222-7534 to speak to a Mortgage Expert or fill out a Pre Qualification form.

  • Jumbo Purchase Loan for the First-Time Homebuyer to $1,000,000

     

    Purchase - Owner Occupied

    Property Type Credit Score LTV Maximum Loan Amount
    SFR 720 80% $1,500,000
    SFR 720 70% $1,000,000
    SFR 720 75% $2,000,000
    SFR 720 70% $2,500,000
    1-2 Units 720 65% $1,000,000
    1-2 Units 720 60% $1,500,000

     

     

    Cash Out Refinance - Owner Occupied

    Property Type Credit Score LTV Maximum Loan Amount Maximum Cash Out
    SFR 720 70% $1,000,000 $250,000
    SFR 720 65% $1,000,000 $250,000
    SFR 720 65% $1,500,000 $500,000
    SFR 720 60% $2,000,000 $500,000
    SFR 720 50% $2,500,000 $750,000

     

    Loan Amount / Liquid Assets:

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    • 1 million / 6 months reserves (Equal to 6 months of housing expense, principle, interest, tax, and insurance)
    • 1,000,000 to $1,500,000 / 9 months reserves
    • $1,500,000M to $2,000,000 / 12 months reserves
    • $2,000,000 to $2,500,000 / 18 months reserves
    • $1,000,000 maximum loan amount for first time home buyer

    Acceptable income:

    • Rental income
    • Alimony and child support income
    • Note income
    • Capital gains
    • Dividends
    • Stocks options

     Cash Out available for Second Home

    Available terms:

    • 15 year fixed
    • 30 year fixed
    • 5 year ARM
    • 7 year Arm
    • 10 year ARM

    Underwriting Notes:

    • No mortgage insurance needed
    • 6% maximum gift funds ok
    • Down payment Sourced:
    • Equity Gift ok
    • Seller contributions ok
    • Gift funds ok

    Credit Notes:

    • No bankruptcy, foreclosure or short sale
    • Minimum 2 open tradelines
    • Construction to permanent ok
    • Broker credit report ok (no extra credit check)
    • Detached Condos OK
    •  All 50 states

     

    Ref# 147 525012215

  • This hard money lender will do primary residential loans which are somewhat rare.

    Purpose

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    • Purchase
    • Refinance, Rate & Term and Cash out
    • Refinance - Cash Out. $750,000 Maximum
    • Construction
    • Bridge Loan
    • Blanket Loan

    Loan Amounts

    $125,000 to $5,000,000

    Property Types:

    • Single Family Residence SFR
    • 1-4 Unit residential and commercial
    • Condos
    • Townhomes
    • Non-warrantable condominiums
    • Mixed-use

    Non-Occupant c-borrower OK

    Occupancy:

    • Owner Occupied
    • Non Owner Occupied

    Eligible Borrower

    • Foreign Nationals
    • Foreign legal entities
    • Probate OK

    Underwriter Notes:

    No seasoning requirements for foreclosure, bankruptcy, short sale, notice of default, notice of sale

     

    Reference# - 44154

  • High LTV Hard Money Jumbo Loan

    This hard money residential loan has a very high Loan-to-Value (LTV) ratio of 80%. Most hard money lenders max out at 65%, sometimes 70%. So 80% is huge. It can be used as a Fix and Flip, Blanket loan, Bridge loan, Construction Loan and can also bail a borrower out of any housing event; short sale, foreclosure, bankruptcy, Notice of Default (NOD), Notice of Sale (NOS). Below you'll see some underwriting highlights.

    Questions? 858-222-7534

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    Loan purpose:

    • Purchase
    • Refinance
    • Cash out Refinance and Construction

    Blanket, Bridge and Fix and Flip

    Loan limits:

    80% LTV

    Maximum loan amount - $3,000,000

    Term: 12 months

    Property types:

    • Single Family Residence (SFR)
    • 2-4 Unit
    • Condos and Townhomes

    Non-Warrantable Condos

    Manufactured homes

    Mixed Use  

    Unconventional Property Types:

    • Dome homes
    • Modern style
    • Historical
    • Log homes

     Non Owner Occupied only

    1-4 units 

    States available:

    Alabama, Arkansas, Arizona, California, Connecticut, Florida, Georgia, Iowa, Illinois, Kansas, Massachusetts, Maryland, Maine, Michigan, North Carolina, New Jersey, New York, Ohio, Pennsylvania, South Carolina, Texas, Virginia, Washington, Wisconsin

     

    Reference# - 55214

  • Home Builder Construction Loan Program

    This is a short-term construction loan for home builders for subject properties located in Arizona, California, Colorado, Idaho, Illinois, Michigan, North Carolina, South Carolina, Ohio, Oregon, Texas, Utah, and Washington.

    Stated Income goes to 1 Million

    • 70% LTV (loan-to-value)
    • 85% LTC (loan-to-cost)

    Loan Amounts:

    • Maximum Loan Amount - 1 Million
    • Minimum Loan Amount - 50K

    Available Terms:

    • 4 months
    • 6 months
    • 9 months
    • 12 months

    Shorter-term - lower cost

    Blanket Loan available

    Construction Completion

    Draw Disbursement

    Eligible Property Types:

    • Single FamilyResidence SFR
    • 2 Unit
    • 3 Unit
    • 4 Unit

    Occupancies:

    • Owner Occupied and Non Owner Occupied

    Eligible Borrowers

    • Legal Entities - Yes
    • Foreign Nationals - Yes

    Underwriting Notes:

    Lender qualifies the lowest middle credit score of both borrowers