Jumbo Loans Up to $3,000,000
LendSure Mortgage Corp.’s Jumbo loans offer more loan options for borrowers that don’t fit the conventional mold. Plus, the LendSure team can provide you with extensive, common-sense pre-qualification, usually within 24 hours. You can say yes with confidence, knowing that LendSure has minimized surprises down the road.
- Purchase loan amounts up to $3,000,000 with 75% LTV, $2,000,000 with 80% LTV, and $1,500,000 with 85% LTV
- Rate & Term refi loan amounts up to $3,000,000 with 70% LTV, $2,000,000 with 75% LTV, and $1,500,000 with 80% LTV
- Cash Out refi loan amounts up to $3,000,000 with 60% LTV, $2,000,000 with 70% LTV, and $1,000,000 with 80% LTV
- Cash Out up to $1,000,000
- Non-warrantable condos will be considered
- Unlimited properties on the borrower’s REO schedule are okay
- Interest Only (10 year – 40 year available)
- Crypto-currency will be considered on a cases-by-case basis
- Major credit events seasoning – 4 years
- DTI’s to 45% – 50% with Senior Management approval
- Business Assets CAN be used for reserves.
- If Full Package – close your loan in 10 day. Yes, we will use the appraisal you have in hand!
- Available for a variety of documentation types, including 12 and 24 month Bank Statements and Asset Qualifier
- Use cash out for depletion income
Our knowledgeable Account Executives are experts in condotel and non-warrantable condo loans and can help you find solutions for your borrowers so you can close more deals each month.
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