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Lower Score Jumbo Options
• Up to $3,000,000 on primary home (SFR, duplex, 2-flats, townhome, modular)
• Up to 1,500,000 on second/vacation homes
• Jumbo Mortgages available to $750,000 at 90% LTV
• Interest-only first mortgages available on primary/second homes up to $1,500,000
• No private mortgage insurance (PMI)
• Up to $900,000 with a 660-679 midscore[/vc_column_text][/vc_column][vc_column width=”1/3″][vc_column_text]
High LTV Options
• 85% LTV up to $1.5 Million with no mortgage insurance
• Non-agency amortizing fixed and ARMs
• 740 minimum FICO score
• SFR, condos, and co-ops
• Purchase and rate/term ref[/vc_column_text][/vc_column][vc_column width=”1/3″][vc_column_text]
High Loan Amounts
• Loan Amounts up to $5,000,000
• Down payments as low as 20%
• Investment Properties Eligible
• 1-4 Units, Condos, Co-Ops & Second Homes
• Underwritten In House[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width=”1/1″][vc_column_text]
Near Miss Jumbo
Example: DTI is above the jumbo ratios, The Federal Savings Bank will look at the loan in the portfolio division. TSFB will underwrite, and service that loan.
Example: Good job, but difficult to prove income, The Federal Savings Bank will look at the loan in the portfolio division. TSFB will underwrite, and service that loan.
Example: Non warrantable condo with jumbo loan amounts, The Federal Savings Bank will look at the loan in the portfolio division. TSFB will underwrite, and service that loan.
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Interested in The Federal Savings Bank’s Jumbo Options?
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