Major Lenders Are Beginning to Loosen JUMBO Guidelines

One of my National lenders announced today they will be offering loan amounts of 80% Loan-to-Value up to $2,000,000.

This represents a very good sign, that lenders are beginning to loosen guidelines to low risk borrowers who qualify and want to take advantage of today's lifetime low interest rates.

This program applies to 15,20,30-year fixed rate and 5/1,7/1, and 10/1 LIBOR ARMS. Interest-Only loans do not apply.

Borrower requirements include: Maximum Debt-to-Income ratio of 45%; 720 Minimum FICO; Full Doc; subordinate financing not permitted; Purchase or Rate and term Refinance and program ALLOWS up to 6% seller closing cost contribution.

Call me today at 714-478-3143 to learn if you qualify!