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Jumbo Loan below 3%

October 2, 2012

5 year Fixed Rate Purchase as low as 2.625%

DEPARTING RESIDENCE: – Use Rental Income

  • NO MINIMUM EQUITY POSITION
  • NO Previous Landlord experience
  • NO Rental Agreement or deposit check
  • JUST a RENT SURVEY!

NOTES:  75% max LTV on the new loan if there is a Departing residence, 6 mos PITI reserves

QUALIFY AT THE START RATE or Fully Indexed Rate Qualify at the fully amortized payment 30 or 40 year (add & max LTV for a 40 year qual o/o only

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 (720 FICO)
  • 80% LTV to $750,000 – Purchase only (700 FICO)
  • 80% LTV to $1,500,000 – Purchase only (740 FICO)

NON-OWNER OCCUPIED 1-4 units:

  • 70% LTV to $2,500,000 – Purchase (680 FICO)
  • 65% LTV to $2,500,000 – Rate/Term (680 FICO)

CASH-OUT – 680 FICO

Owner Occupied 1-4 Units (call over $3M)

  • 70% LTV – Cash-out amount up to $ 500,000 cash to borrower
  • 60% LTV – Cash-out amount over $ 500,000
  • N/O/O 1-4 units
  • 60% LTV to $2,500,000 – Max cash to borrower $ 300,000

Business Entity Loans: Title in the name of: LLC, Corporation, Partnership, Trust
No maximum number of financed properties

680 FICO (and as low at 660 FICO available)

Blended FICO Scores – we will use the average FICO of all borrowers!
Over 75% and over $3M – higher FICO’s required.

 

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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