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Super Jumbo
Loans
The private banking program is separated into two
programs.
The premiere banking program:
Loan
amounts: from $2,000,000 to 20,000,000 plus
Income:
This program allows for the use of cash flow in place of AGI, to
allow for a self employed borrower to qualify for a
loan.
Credit:Credit is not a consideration as much as
the borrowers financial profile.
LTV: Ltv varies from
75% for loans of 1 million up, and 50% from 5 million and up. The LTVs can
be adjusted with the use of cross collateralizing additional property and
or cash or securities. Effectively the program will allow LTVs to 100%
for borrowers with value issues.
Special notes: The main qualifications
for this program are the following: The borrower should have a minimum of
$500,000 in cash flow or income, a minimum of $500,000 cash reserves (401K
and IRA are not considered in the cash reserve totals), also a total net
worth of of 3 million dollars plus. Note, acceptions are considered with
compensating factors. Loans are available in 48 states.
Second tier private banking
program:
Loan amounts: $2,000,000 to $5,000,000
Income:
Borrower must DTI with AGI from the personal income.
Credit: Mid score
must be 700 plus
LTV: up to 75%, will allow cross collateralizing with
additional collateral
Special notes: This program allows for
borrowers with lower qualifications, in 48 states.
For borrowers that may fit this program,
please complete the submission form and email or fax for a prelim
approval. Download a Submission form here: CIS
form
Fax to 631-991-9142 or Email to info@superjumboloans.info
For
questions on this site or material, please email to: info@superjumboloans.info
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