SUPER JUMBO RESIDENTIAL LOANS $1MILLION AND UP
CLOSE LOANS NATION WIDE
NO STATE LICENSE REQUIRED
INVESTMENT BANKING MORTGAGE
Only for the Right Borrower, Brokers and Loan Officers that want something Special, Long Term Business Relationship.
NO MAX LOAN AMOUNT
PURCHASE & REFINANCE
CONDO * SECOND HOME * CONSTRUCTION/PERM
INVESTMENT PROPERTIES
REQUIREMENTS
FULL DOC
650 CREDIT MINIMUM
MAX LTV 80%
PRODUCT PROFILES
FIVE YEAR
5 year fixed @ 4.50% @ 30 year Amortization with Rolls
5 year Arm @ 4.50% @ 30 year Amortization with Rolls
30 YEAR FIXED 5% TO 6%
Depending on Scores, LTV & Reserves.
LIBOR + 1.50% WITH OPTION SWAP
Borrower will start at LIBOR PLUS 1.5% on Rate.
Term – Interest Only.
Can be extended to any length.
As LIBOR moves Rate will change to 1.5% over LIBOR for month.
Option to lock Rate with Interest Rate Swap – (Over The Counter) – (OTC) -Trade.
Borrower enters agreement and takes position now a Hedge, should Rates lower Borrower pays difference to Bank
Bank also Hedge for Borrower should Rates increase, Bank pays difference .to Borrower.
NOTE;
Transaction is in place for one reason and that is to lock in the rate and hedge against changes in the LIBOR
PRIVATE BANKING FOR SUPER JUMBO LOANS
Full Doc, Residential O/O and 2nd Homes with post closing reserves from $1.5 Million and to $20 Million plus. 30 year fixed, ARM’s and LIBOR plus available for this program, amortized for 30 years.
NOTE: For this product, borrowers are required to move assets and be a wealth management client.
Qualifications: 80- LTV or lower, DTI = 50% or lower, Credit not a factor.
Income: Must be full doc with 2 yrs Business or personal tax returns (we must see cash flow)
Reserves: Must have sufficient post closing reserves.
SUBMISSION PROCEDURES
To submit: Email a Narrative/Scenario – Details Of The Transaction in as much detail as possibleand send the attached CIS Form- Point File- Financials Credit Report and most recent Appraisal with the brokers to be paid and the fees. Borrowers & Realtors-we will take application. Mortgage Brokers, Loan Officers, Bankers-Need Full Fannie Mae Point File- Borrower Information- COMPLETE FILE-1003–EXPORT FM-NO PASSWORDS.
We issue disclosures, and package the loan.
Note: From this point our staff has the dialog with the borrower to closing.
(Please put the last name of principal or funding entity in the subject heading and be consistent in all Emails. This is how the deal will be filed)
DISCLAIMER
Certain restrictions apply. Programs for qualified borrowers. Programs Rates Terms and Conditions subject to change without notice.
Please feel free to contact me personally should you have any questions.
With Warmest Regards
Gregory