Super Jumbo CALIFORNIA Home Loans
California Super Jumbo Loans From $500,000 to $10 million are our specialty.
Super jumbo bank loan financing for California residential homes up to $10 million dollars, or private money up to $7 million dollars. We have many loan options to choose from, depending on your needs.1
- Low-Down Payment / High Loan-to-Value Jumbo Loans are our specialty -- see Maximum Leverage below.
- Interest-only and amortized jumbo ARM loans to $10 Million. Very low rates and 40-year note options
- Jumbo financing available on second homes, investment property, and vacation homes
- Jumbo Investment Property loans with interest-only payments
- Private money jumbo loans to $7M available -- CA only
- Stated Income Jumbo Loans to $1.0 million
- Foreign National Jumbo Financing
Maximum Leverage -- Our Specialty
Our super jumbo loan products are well suited for those seeking a lower down payment, or who have less equity to refinance a current loan.
If you or your co-borrower are a practicing physician, dentist or oral hygienist, attorney, or certified public accountant, please see the "Preferred Professionals Program" for special high-leverage programs.
5% - 15% DOWN JUMBO PURCHASE LOANS
- "80-10-10" Program -- This product allows for a maximum purchase price of $1.375 million with a combination 1st deed of $1.1 million (at 80% LTV), and a separate 2nd note for 10% of the selling price by the seller OR a private-party OR an employer. The remaining 10% down is from you. Call 1-800-644-8829 for more information.
"PREFERRED PROFESSIONALS PROGRAM"
If you OR your co-applicant borrower are a:
* Practicing Physician (sorry, no veterinarians)
* Dentist or Oral Surgeon
* Certified Public Accountant
AND the subject property is a 1-unit, primary residence, we offer the following jumbo loan options with no mortgage insurance or secondary financing required:
* Purchase financing with as little as 5% down
* Rate & Term Refinancing up to 90% loan-to-value
* Cash-Out Refinancing up to 85% loan-to-value
- "10% to $750,000" -- For loans from $425,000 - $750,000, we offer a combination 1st and 2nd mortgage program to 89.99% combined loan-to-value. The 1st loan is a low-rate 5/1, 7/1, or 10/1 ARM, coupled with a Home Equity Line of Credit. Call 1-800-644-8829 for more information.
- "Fannie Mae + 250k" Program -- This product allows for 10% down payment and a maximum loan equal to the current Fannie Mae Conforming Loan Limit (by subject county) PLUS $250,000. Call 1-800-644-8829 for more information.
- "15% to $1 million" -- This product allows for 15% down payment with combined 1st and 2nd mortgage structure from two banks up to a maximum $1 million combined loan amount, and no monthly mortgage insurance is required. Call 1-800-644-8829 for more information.
Other Leveraged, one-loan super jumbo loans:
PERCENTAGE OF LOAN AMOUNT TO VALUE --
80% super jumbo financing up to $2.0 million loan
75% super jumbo financing up to $3.0 million loan
70% super jumbo financing up to $5.0 million loan
65% super jumbo financing over $5.0 million
Other Jumbo Loan Features
(loan features are not cumulative)
- Interest-only Option Payments -- manage your monthly cash flow with the option of paying interest-only or fully amortized installments on several of our products. We offer 3/1, 5/1, 7/1, and 10/1 ARMs with interest-only payments available throughout, and a free ARM-to-Fixed conversion option at the end of the initial interest-only term.
- Stated Income Jumbo / Super Jumbo Loans (2013) -- We offer "stated income" loans with reduced documentation for well-qualified borrowers that have substantial equity (40% or more) in a 1-unit primary residence with a choice of 15 or 30-year fixed terms from $420,000 - $1 Million.
Restrictions and conditions apply. Call 1-800-644-8829 for more information.
- Investment property financing with Interest-only! This is a unique product -- very few lenders offer interest-only option payments on investment property, but we do. Maximize monthly rental income cash-flow and enjoy 5 - 15 year fixed rates during the interest-only term, with a free ARM-to-Fixed conversion option available.
- Free ARM to Fixed Loan Conversion Option -- our super jumbo, interest-only 40-year ARMs can be converted at the end of their initial fixed-rate, interest-only term to a long-term, fixed rate for the remaining term of the note. There's no cost, no appraisal, and no re-qualifying required!
- Property Title vested in a Trust, LLC, Corp, LP, LLP -- all are acceptable. You do not need to hold title in your personal name.
- No minimum FICO score requirement -- you can have less than ideal scores, but no recent derogatory credit for conventional bank options.
- No limit on number of financed properties -- if the subject property is your primary residence.
- Asset Depletion and Pledged Asset programs -- for those with cash liquidity issues, we can utilize market assets and publicly traded stock to create down payment and reserve funds necessary to qualify, coupled with very competitive jumbo loan terms. Available only on loan amounts over $750,000.
- Hard Money jumbo loans. We have hard money financing for specific situations that just miss bank guidelines for high-end real estate in desireable California markets -- up to 65% LTV in most cases. This type of loan is best utilized as temporary (gap) financing rather than a long-term solution due to the inherently higher note rate and shorter balloon terms. Conditions and restrictions apply depending on occupancy factor per Federal and CA-specific lending laws. Call for info.
- Jumbo Loans to Foreign Nationals
California Super Jumbo Loan Market Update, 2012
Qualifing for a California jumbo loan? Call me or inquire online to discuss your particular needs.
LOW JUMBO & SUPER JUMBO INTEREST RATES
Fixed Rate Super Jumbo loans are at historically low rates at this time. Call or inquire online for jumbo fixed loan rates.
ARM loans to $15 million. 1 - 15 year fixed periods. 1/1, 3/1, 5/1, 7/1, 10/1 ARMs -- low fixed monthly payments and Interest-only option and 40 year terms available! Call or inquire online for jumbo ARM loans.
Interest-Only loans for investment 1-4-unit California property. Call for loan limits.
Sorry, but we don't offer jumbo loans on residential property located outside of California.
For inquiries regarding super jumbo mortgage loans in California please call me direct: 1-800-644-8829 or inquire online.
- Loan programs and amounts, percentage of loan-to-value, rates, terms and qualifications vary. Restrictions and conditions apply -- call for more information.
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