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Best Jumbo Loan Ever!

September 25, 2012

Up to $3,000,000
Available on 40 yr. & I/O!
FAST CLOSING!!!

QUALIFY AT THE START RATE or Fully Indexed Rate
• Ratios are 40/45 (fully amortized)

DEPARTING RESIDENCE:
• NO MINIMUM EQUITY POSITION
• NO Previous Landlord experience
• NO Rental Agreement or deposit check
• JUST a RENT SURVEY!
• Post reserve requirements: 6 months PITI on departing or 6 months PITI on subject propertywhichever is greater

TRUE BLENDED RATIOS!
• Purchase loans – NO Occupant ratios!

No maximum number of financed properties!

Delayed Purchase: O/O, N/O/O, 2nd Home
• A loan request for a “delayed purchase”, where the applicant closed a recent purchase transaction with cash assets, will not be considered a cash-out refinance so long as the new loan closes within 90 days of the initial close of escrow for the acquisition of the property.
• The funds used to purchase the property cannot be borrowed or business funds. Final closing statement and verification of all funds required
• Purchase LTV’s and no cash-out adds

Non Permanent Resident Alien:
• NEED – Social Security #, Acceptable US Work Visa, No US Credit required, Call for all details.

2-4 units SAME LTV’s and pricing – o/o and n/o/o!

LTV’s:
Owner Occupied 1-4 Units
75% LTV to $3,000,000 – Purchase or Rate/Term (680 FICO)
70% LTV to $5,000,000 – Purchase or Rate/Term (700 FICO)
80% LTV to $750 – Purchase only (700 FICO)
NON-OWNER OCCUPIED:
70% LTV to $2,500,000 – Purchase (680 FICO)
65% LTV to $2,500,000 – Rate/Term (680 FICO)
60% LTV to $2,500,000 – Cash-out (max cash-out $300,000) (Fico 680)

ASSETS Pre-closing:
• 3 times monthly income for loans up to $1,500,000
• 3-6 times monthly income for loans up to $3,000,000
• 12 times the monthly income for loans up to $5,000,000
(70% to retirement accounts)

 

If you are currently house hunting, don’t wait to get pre-approved for a mortgage loan. Call Platinum today and secure your price range.  Our loan process is fast and easy. Platinum’s mortgage professionals listen to you and your financial situation. We are here to help you reach your goal of owning a home! Contact us today to apply for a loan!

Visit Platinum Mortgage Company:

http://www.pmcmortgageloans.com/
Apply For A Loan:
http://pmcmortgageloans.com/mortgage_application.php
And Follow us on:
http://www.facebook.com/pmcmortgageloans
http://twitter.com/pmcmtg

 

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