We offer Jumbo financing with less than 20% Down
Highlights:
– 10% down with MI – 740 FICO – need 12 months reserves and max DTI 38%
– 10% down no MI – 680 FICO – max DTI 38%
– 15% down no MI – min 680 FICO – max DTI 36%
Requirements:
– Primary residence
– Purchase or rate and term refinance
– Single family, PUD
– Most programs need minimum 680 FICO
– Max 38-43% Debt to income ratios
– 30 yr fixed rate
– Mortgage insurance may be required
– May need 2 appraisals
