• Tel: (916) 332-1056
    Email: info@c1stm.com

  • Jumbo Loans

    August 5, 2014
  • Jumbo to 90% Full Doc Primary Residence 

    • Minimum Credit 720
    • Full Doc Only
    • Interest Only OK
    • Primary Residence Only
    • First Time Home Buyers w/Restrictions 
    • Rate and Term Refinance Transaction OK 

    Jumbo 90% 

    • Prime Program
      • $250,000 cash out (higher than other programs that limit to $150,000) 
      • 6 months PITI in reserve for Loans amounts $1M or less
      • 7 years since filing bankruptcy 

    Non-Prime Jumbo 90% 

    • Owner Occupied and Second Homes Only
    • Gift Funds OK
    • 24 Foreclosure and Short Sale
    • Reserves Required (6 - 12 Months) 
    • Min FICO 680

    Non-Prime Jumbo 80% Bank Statements 

    • Non-Prime Program 
      • 100% of Deposits for Personal Statements 
      • 50% of Deposits for Business Statements 
      • Purchase to 85% 
      • 24 Months Bank Statements 
      • Owner Occ. w/640 FICO 
      • Non-Owner & 2nd Homes w/500 FICO 
      • Self Employed and 1099 Borrowers Only
      • Only 6 NSFs in last 12 months 
      • No P & L 
      • No Reserves