Real estate brokers face a constant challenge in today’s market: How to attract and serve a diverse range of clients.
One powerful tool that can significantly strengthen a broker’s loan toolkit and gain a broader client base is the Jumbo loan.
Jumbo loans are unique mortgage products designed to finance various properties, like primary and secondary residences, investment properties, or vacation homes that a conventional loan can not cover. Conventional conforming loan limits fluctuate across states, typically hovering around $766,550 in most parts of the U.S. In contrast, LendSure’s jumbo loan limits can extend up to $3,000,000 or even higher with common-sense exceptions.
In high-cost real estate markets, for example, San Jose, CA, where the median single-family home price is $1,850,00, or San Francisco, CA, where the median single-family home price is $1,300,000–offering Jumbo loans gives brokers a considerable advantage.
How Brokers Can Benefit from Offering Jumbo Loans
As a broker, offering Jumbo loans allows you to tap into an exclusive market of high-end buyers, giving you increased visibility and higher commissions.
This loan offering sets you apart in a competitive industry, improving your professional reputation as you cater to the individual financial needs of affluent individuals. Not only does this expand your clientele, but it also significantly boosts your earning potential. After all, Jumbo loans, which are linked with larger property values, result in higher commissions for each successful transaction.
A Streamlined Approach to Jumbo Financing
LendSure’s Jumbo loan program stands out for its competitive rates and industry-leading funding times. But what truly sets it apart is its streamlined pre-underwriting process, designed to make securing a Jumbo loan smoother and more straightforward for your borrowers.
Pro Tip! For self-employed borrowers who can’t qualify for a Jumbo loan due to documentation limitations like tax returns not accurately reflecting monthly income – we also offer bank statement Jumbo loans for up to $2M.
Unlike many lenders, LendSure’s approach to Jumbo loans is both flexible and practical.
LendSure Jumbo Loan Guidelines
- Up to 90% LTV for loan amounts as high as $1,000,000
- Up to 85% LTV for loan amounts as high as $1,500,000
- Up to 75% LTV for loan amounts as high as $3,000,000
- 30-Year Fixed or 5/1 ARM with 10-year Interest-Only with 40-year Term options
- 12- and 24-month Bank Statement programs with P&L statements NOT required
- Highly competitive rates
- Industry-leading funding times
- As little as 48 months’ seasoning for foreclosure, short sale, or loan modification
- Up to $1,000,000 cash out – Cash out may be used as reserves
The LendSure Way
It’s simple. We make loans that make sense. We’re not in-the-box lenders. Of course, there are numbers ratios, and data to consider, but we know that behind every file, there’s an individual with a unique circumstance seeking a loan. We work hard to offer our common-sense take on lending to borrowers seeking funding for the home of their dreams, another addition to their investment property portfolio, or refinancing of a currently-owned property.
Are you ready to benefit from a commonsense approach to lending? Contact us today to learn more about non-QM loans and how partnering with LendSure Mortgage Corp. can help grow your bottom line.
