JUMBO LOANS - 5% DOWN PAYMENT IS BACK*
At 1st Florida lending Corp. We offer low rates starting in the 3’s for full doc
Jumbo primary home purchases (see highlights below)
A jumbo home mortgage is a loan that exceeds the conforming (conventional) loan limits standardized
by Fannie Mae & Freddie Mac (the government-sponsored agencies that purchase loans from lenders
and banks) Our Jumbo loans are ideal for home buyers looking for higher priced luxury homes. These
loans are designed to simplify home buying in pricey markets by covering the full cost of the loan, so
there is no need for borrowers to drain their cash reserves.
Do you need a
* Disclaimer: All Loan programs, rates and terms can change without notice and are subject to credit and underwriting approval. Loan charts
highlight min/max constraints, assumptions & random scenarios only. We will always work hard to approve your loan but there are no guarantees of
any kind expressed or implied that any loan we be approved. Licensed in Florida Only
© 2007 - 20211st Florida Lending Corp. - All rights reserved I Privacy Policy I Terms of Use I
HIGHLIGHTS
Jumbo Loan using Tax Return Income to
Qualify
•
Max Loan amount $5,000,000
•
95% LTV* / available depending on loan
amount
•
80% LTV cash out up to $2,000,000
•
Gifts -OK after 3% of borrowers DP
•
For loans over $647,200
•
Minimum credit score 660
•
Primary, 2nd home and investment
•
No MI & Pre- Payment Penalty
•
Buy down rates in the 2’s for purchases
Self-Employed Loan using Bank
Statements to Qualify
•
90% LTV* / available depending on loan
amount
•
Max Loan amount $5,000,000
•
Attractive LTV’s and rates for Purchases &
Refi’s
•
No MI & Pre- Payment Penalty - Rates in the
4’s with buy down options to the 3’s
No Income Verfication Investment Loans
(non-owner occupied)
•
Maximum loan amount $6,000,000
•
Request quote w rates / terms options)
•
No MI & Pre- Payment Penalty
•
Low reserves
•
No MI - Rates in the 4’s
FREQUENTLY ASKED QUESTIONS
Question: Can I purchase a condo with the Jumbo loan. Answer: Yes, most condos are eligible for
Jumbo financing.
Question: Can Doctors and Physicians use the 95% financing option? Answer: Yes any home buyer
that meets the qualification guidelines is welcome to apply regardless of occupation.
Question: Can I get a fixed rate term? I really don’t want to get an adjustable rate . Answer: Yes, the
Jumbo programs offer both the fixed rate and adjustable (ARM) rate 5/1, 7/1 or 30 fixed.
Question: I’m a veteran, can I get a VA Jumbo Loan? Answer: Yes, VA has high balance jumbo
loans up to 5 million.
Question: Does the Jumbo program have a penalty or paying off the loan early? Answer: No, you
can pay off your loan anytime you like without a pre-payment penalty.
Question: What kind of savings do I need to have in order to get approved? Answer: It really
depends on the loan amount and credit. For example, a loan amount of $1,000,000 depending on the
program may require that you provide proof of reserves to show underwriting that you have the ability
to pay the mortgage payment, insurance and taxes for that time period in the event of a financial set
back. For higher loan amounts you may be required to prove additional reserves. Saving accounts,
401K or IRA may be utilized as proof to satisfy the reserve requirements.
Florida’s Top Rated DIRECT Lender I 48 Programs
800-655-1345 I CALL us 407-300-2558
1st Florida Lending Corp., a registered Mortgage Lender Orlando servicing only the State of Florida, offering over 48 loans programs
including Conventional Loans, Non-Conforming Loans, FHA Loans, VA Loans, USDA Loan, Self-Employed Loans, Bank Statement
Loans, No-Doc Loans, Reverse Mortgage Loans, ITIN Loans, Rental Investment Loans, to name a few and specializing in Bank
Statement Loans or “stated loans” requiring no Tax Return verification and much more. * No broker or lender fees are for FHA,VA, USDA
and Conventional loan types Main Office: 2151 Consulate Dr. * Suite 8 * Orlando, FL., 32837 * Telephone (800) 655-1345 * (407)
300-2558 * Fax (877) 401-9955We are approved lenders for all Government Loans and registered with the Florida Office of Financial
Regulation - # MLD106When Banks Say No ! We Say YES ! ® is a registered trademark owned by 1st Florida Lending Corp.
95%* LTV JUMBO HOME LOANS
1. 95%* LTV PURCHASES USING TAX RETURNS - BUY DOWN RATES IN 2’S
2. 90% LTV SELF-EMPLOYED PURCHASE / NO TAXES RETURNS - BUY DOWN RATES IN 3’S