Jumbo Prime
A jumbo loan is a mortgage that exceeds the conforming loan limit set by the FHFA for a given area. The most common conforming loan limit for 2020 is $510,400. Loans above these limits cannot be backed by government entities Fannie Mae and Freddie Mac.
We can finance jumbo loans in CA, WA, UT and OR.
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Up to $3,000,000
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1-4 unit residential property O/O, 2nd Home, or N/O/O options available
Non-QM
O/O Consumer Purpose
For borrowers with less than perfect credit, challenges with proof of income, a need to close quickly, or agency loan fallout.
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Purchase or refinance of 1-4 unit properties.
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Owner occupied primary or 2nd home
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Alternative income documentation i.e. bank statements, 1099s, etc. acceptable.
Non-QM
N/O/O Business Purpose
For borrowers to purchase or refinance a N/O/O SFR, Condo or 2-4 unit investment property or do not qualify under any guidelines.
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Either debt to income ratios (DTI) or the property’s cash flow (DSCR) can be used for income documentation
Bridge Loans
Business Purpose (O/O or N/O/O)
For borrowers requiring short-term financing for residential, multi-family, or mixed use property types. Proceeds can be used for either consumer or business purpose.
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1-4 unit properties
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Either O/O or N/O/O
Renovation
or Fix & Flip (N/O/O)
For borrowers seeking to acquire and renovate 1-4 unit residential property to hold or for quick sale.