Super Jumbo Home Loans

• Fixed and Adjustable Rate Super Jumbo Loans over $1million
• Full Doc to 80% LTV, Stated to 70% LTV for owner-occupied
• Primary residence and second homes
• Purchase, rate & term refinance, cash-out refinance
• "Hard Money" jumbo loans to $5MM also available
• "Conforming Jumbo" to $729,750 -- government loans available

Other super jumbo loan features

• Bank jumbo loan programs with fully documented income and assets to credit-qualified borrowers. Loan-to-Value, Debt-Income Ratio, and loan amount restrictions and conditions apply.
• Hard money super jumbo residential loans starting at 9.00% to borrowers with verified incomes on select prime properties. We have private money sources for specific situations that just miss bank guidelines on high end real estate in desireable markets -- up to 70% LTV in some cases.
• Stated Income hard money super jumbo loans. Our private money lenders make shorter-term loans up to 65% LTV on good quality property with limited or stated income and assets. Rates range from 10.50% to 12.50%. LTV, cash-out, and other restrictions apply.
• "Interest-only payment option" is available on many of our jumbo loan offerings.
• Jumbo residential construction loans
• Properties vested in a trust, partnership, LLC, or Corp OK
• Loans to Foreign Nationals (second homes only)
• Cross-collateralized property transactions considered

California Super Jumbo Loan Market Update, 2008

Prior to August of 2007, financing Calfornia super jumbo loans -- those over $1 million dollars -- was a far easier process, even at higher loan-to-value ratios and for those with hard-to-document incomes and/or less than perfect credit. Times have changed drastically. These loans are extremely difficult for banks to sell to secondary market investors on Wall Street now, and "portfolio" loans offered by some banks have tightened credit and underwriting guidelines to minimize risk of further foreclosure losses.

Another obstacle to achieving the higher loan-to-value percentages today is the disappearance of simultaneous 2nd mortgages, which up until recently could be combined with a jumbo 1st mortgage resulting in higher loan amounts and increased loan-to-value percentages. These days second mortgages are limited to 80% or less of the value or sales price of property in combined jumbo loans.

Don't be fooled by lender advertisements or brokers claiming to offer low-rate super jumbo loans with stated income or less-than-perfect credit or low down-payments. In our current California real estate market, those loans simply don't exist at this time.

To qualify for a California jumbo loan in excess of $1 million dollars today you'll need a 20% to 40% down payment if you are purchasing a home, or equivalent residual equity in the property if you're refinancing an existing loan. The exact equity requirement will depend on the loan amount sought, your credit, verifiable income, net debt-income ratio, asset reserves, occupancy and property type. The new loan structure may consist of a 1st and 2nd mortgage from different lenders if the loan-to-value and/or dollar amount of the loan exceeds certain limits.
Examples:

* loans up to 80% of the value / sales price to $1.5 million dollars
* loans up to 75% of the value / sales price to $2 million dollars
* loans up to 70% of the value / sales price to $3 million dollars
* loans up to 65% of the value / sales price to $5 million dollars
* loans up to 60% of the value / sales price over $5 million dollars

GREAT JUMBO RATES & LOAN PROGRAMS FOR JUMBO LOANS $1MM+

* 6-month ARM -- lowest monthly payment and NO negative amortization!
Note Rate: 5.375%* -- Interest-only payment OK for 10 years!
Bi-annual adjustment based on 12-MTA Index + 2.50 margin, 30-year amortization, 6/1/6 caps, 12-mo prepayment penalty, 60-day lock price. Full Doc qualifying only - call for more info.

* 5/6 ARM -- low fixed monthly payment and NO negative amortization!
Note Rate: 5.99%* -- Interest-only payment OK for 10 years!
Fixed rate for 60 months, adjustable thereafter. 12-MTA Index + 2.50 margin on recast, 5/1/5 caps, 12-mo prepayment penalty, 60-day lock price. Full Doc qualifying only -- call for more info.

3.25% FLEX PAY ARM -- STATED INCOME OK!
Flexible loan offers 4 payment options monthly -- "minimum pay rate", Interest-Only for 10 years, or fully amortizing 30-year and 15-year payments based on fully indexed COSI + margin. Prepayment penalty may apply. Stated income (self-employed only) or Full Doc qualifying -- call for more info.

* Rates shown above are Note, not APR as of 6-4-2008 and are not guaranteed up-to-date--call for current pricing. Terms, conditions, and restrictions apply. Loan programs subject to lender and market availability.

For inquiries regarding super jumbo mortgage loans in California please call me direct: 1-800-644-8829 or inquire online.

1. Loan programs and amounts, percentage of loan-to-value, rates, terms and qualifications vary by lender. Restrictions and conditions apply -- see the 2008 jumbo loan market update above or call for more information.

		Call Toll Free In Santa Clarita	(800) 644-8829 (661) 255-9824
		Click here to Inquire Online Where We Loan