Jumbo Mortgage Loans: Refinance or Purchase

Posted on October 20, 2014 · Posted in Connecticut Home Purchase Mortgage, Connecticut Mortgage Refinance

Northeast Financial, located in Middletown Connecticut, provides residential mortgage loans to CT residents.  One of the areas we specialize in is Jumbo Home Loan Financing.  We offer a great Jumbo Program with many options.  Many people who take out a jumbo loan usually get a adjustable rate mortgage that is fixed for a certain period of time.  When that fixed period ends and the rate becomes adjustable it can be nerve racking for customers to worry about how high rates will eventually go – so many times they need to refinance quickly into a longer term adjustable option or a fixed option.  Either way we can help.  Here are some of the guidelines for this Jumbo Mortgage Program:

 

1. Loan Sizes from $417,000.00 – $3,000,000.00 (417K-3MM)
2. Purchase or Refinance Loans
3. Single Family, Multi-Family, Condo, Vacation Home, 2nd Home, and Investment Properties.
4. This program is for US Citizens and Foreign Nationals.
5. Rush Closings available (8-10 days).
6. Two appraisals needed on loan sizes over 1 million.
7. 680 Minimum Credit Score required
8. Elite rate pricing available for 740 Fico scores and higher.
9. On Refinance, max cash out is 1MM ($1,000,000.00)
10. Max CLTV is 80% from 1.5MM-3MM
11. Max CLTV is 90% from 417K-1.5MM

 

Whether you need to refinance for rate/term reasons, cash out to remodel your home, debt consolidation refinance, or to purchase a home – we can help you with your mortgage.

Please call me today for a free consultation.

Thank you,

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Michael Meyer
Senior Vice President of Northeast Financial
NMLS#117875
Mike@northeast-mortgage.com
860-876-0572
210 S. Main St Middletown, CT 06457

Company NMLS#117273 

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