Our portfolio true jumbo mortgage rates continue to trend downward this week in New Castle County, DE. Despite the 2009 conforming loan limit remaining at $420,000 in New Castle County, we still are able to offer affordable financing to qualified borrowers for purchases as well as refinances. All of Delaware's 3 Counties loan limits remain around 417k.
Currently we have the following Jumbo Rates with 0 points as of business close on 7/1/2009:
10/1 ARM 5.5% 5.55% APR
30/15 Balloon 5.75%** 5.79% APR**
30 Year Fixed 5.875%** 5.94% APR**
7/1 ARM 5.125% 5.155% APR
Typical minimum FICO scores of 680/700. Full Doc loans only. Subject to verification of post closing assets and full underwriting.*
With our corporate offices in nearby Horsham, PA., we are always looking to offer niche financing in our own proverbial backyard.
Currently with loan to values of up to 80% on purchase money/rate term refinances to $750,000, 75% on purchase money/rate term refinances up to $1,250,000, and up to 70% Financing to $1,500,000. This is also a great program for second home financing. We also have 5/1 ARM programs in the mid 4's for loan to values of 70% or less.
We also offer competitive pricing on FHA, VA and Conventional Loans in New Castle County, DE, as well USDA loans in qualified RD areas. Stated Income programs are also slowly making a comeback as well..
We also have other Jumbo loans available in New Castle County, including our bi-weekly equity builder loan program, which allows for financing to trusts, both revocable and irrevocable. Call for details on these ever-changing products.
* Guidelines subject to change without notice and subject to final investor underwriting **Price adjustments for loans over $750k on fixed rate loans: add a .25% for fixed rates over 750k
Our portfolio true jumbo mortgage rates continue to trend downward this week in Montgomery County, PA. Despite the 2009 conforming loan limit remaining at $420,000 in Montgomery County, we still are able to offer affordable financing to qualified borrowers for purchases as well as refinances. Montgomery County is one of the many Counties in PA where the conforming loan limit remains around 417k.
Currently we have the following Jumbo Rates with 0 points as of business close on 7/1/2009:
10/1 ARM 5.5% 5.55% APR
30/15 Balloon 5.75%** 5.79% APR**
30 Year Fixed 5.875%** 5.94% APR**
7/1 ARM 5.125% 5.155% APR
Typical minimum FICO scores of 680/700. Full Doc loans only. Subject to verification of post closing assets and full underwriting.*
With our corporate offices in Montgomery County, Horsham, PA., we are always looking to offer niche financing in our own proverbial backyard.
Currently with loan to values of up to 80% on purchase money/rate term refinances to $750,000, 75% on purchase money/rate term refinances up to $1,250,000, and up to 70% Financing to $1,500,000. This is also a great program for second home financing.
We also have 5/1 ARM programs in the mid 4's for loan to values of 70% or less.
We also offer competitive pricing on FHA, VA and Conventional Loans in Montgomery County, PA, as well USDA loans in qualified RD areas. Stated Income programs are also slowly making a comeback as well..
We also have other Jumbo loans available in Montgomery County, including our bi-weekly equity builder loan program, which allows for financing to trusts, both revocable and irrevocable. Call for details on these ever-changing products.
* Guidelines subject to change without notice and subject to final investor underwriting **Price adjustments for loans over $750k on fixed rate loans: add a .25% for fixed rates over 750k
Our portfolio true jumbo mortgage rates continue to trend downward this week in Chester County, PA. Despite the 2009 conforming loan limit remaining at $420,000 in Chester County, we still are able to offer affordable financing to qualified borrowers for purchases as well as refinances. Chester County is one of the many Counties in PA where the conforming loan limit remains around 417k.
Currently we have the following Jumbo Rates with 0 points as of business close on 7/1/2009:
10/1 ARM 5.5% 5.55% APR
30/15 Balloon 5.75%** 5.79% APR**
30 Year Fixed 5.875%** 5.94% APR**
7/1 ARM 5.125% 5.155% APR
Typical minimum FICO scores of 680/700. Full Doc loans only. Subject to verification of post closing assets and full underwriting.*
With our corporate offices in nearby Horsham, PA., we are always looking to offer niche financing in our own proverbial backyard.
Currently with loan to values of up to 80% on purchase money/rate term refinances to $750,000, 75% on purchase money/rate term refinances up to $1,250,000, and up to 70% Financing to $1,500,000. This is also a great program for second home financing.
We also have 5/1 ARM programs in the mid 4's for loan to values of 70% or less.
We also offer competitive pricing on FHA, VA and Conventional Loans in Chester County, PA, as well USDA loans in qualified RD areas. Stated Income programs are also slowly making a comeback as well..
We also have other Jumbo available in Chester County, including our bi-weekly equity builder loan program, which allows for financing to trusts, both revocable and irrevocable. Call for details on these ever-changing products.
* Guidelines subject to change without notice and subject to final investor underwriting **Price adjustments for loans over $750k on fixed rate loans: add a .25% for fixed rates over 750k
Our portfolio true jumbo mortgage rates continue to trend downward this week in Bucks County, PA. Despite the 2009 conforming loan limit remaining at $420,000 in Bucks County, we still are able to offer affordable financing to qualified borrowers for purchases as well as refinances. Bucks County is one of the many Counties in PA where the conforming loan limit remains around 417k.
Currently we have the following Jumbo Rates with 0 points as of business close on 7/1/2009:
10/1 ARM 5.5% 5.55% APR
30/15 Balloon 5.75%** 5.79% APR**
30 Year Fixed 5.875%** 5.94% APR**
7/1 ARM 5.125% 5.155% APR
Typical minimum FICO scores of 680/700. Full Doc loans only. Subject to verification of post closing assets and full underwriting.*
With our corporate offices in nearby Horsham, PA., we are always looking to offer niche financing in our own proverbial backyard.
Currently with loan to values of up to 80% on purchase money/rate term refinances to $750,000, 75% on purchase money/rate term refinances up to $1,250,000, and up to 70% Financing to $1,500,000. This is also a great program for second home financing.
We also have 5/1 ARM programs in the mid 4's for loan to values of 70% or less.
We also offer competitive pricing on FHA, VA and Conventional Loans in Bucks County, PA, as well USDA loans in qualified RD areas. Stated Income programs are also slowly making a comeback as well..
We also have other Jumbo available in Bucks County, including our bi-weekly equity builder loan program, which allows for financing to trusts, both revocable and irrevocable. Call for details on these ever-changing products.
* Guidelines subject to change without notice and subject to final investor underwriting **Price adjustments for loans over $750k on fixed rate loans: add a .25% for fixed rates over 750k
Our portfolio true jumbo mortgage rates continue to trend downward this week in Mercer County, NJ. Despite the 2009 conforming loan limit remaining at $440,000 in Mercer County, we still are able to offer affordable financing to qualified borrowers for purchases as well as refinances. Mercer County is one of the few Counties in NJ where the conforming loan limit remains below 729k.
Currently we have the following Jumbo Rates with 0 points as of business close on 7/1/2009:
10/1 ARM 5.5% 5.55% APR
30/15 Balloon 5.75%** 5.79% APR**
30 Year Fixed 5.875%** 5.94% APR**
7/1 ARM 5.125% 5.155% APR
Typical minimum FICO scores of 680/700. Full Doc loans only. Subject to verification of post closing assets and full underwriting.*
With our corporate offices in nearby Horsham, PA., we are always looking to offer niche financing in our own proverbial backyard.
Currently with loan to values of up to 80% on purchase money/rate term refinances to $750,000, 75% on purchase money/rate term refinances up to $1,250,000, and up to 70% Financing to $1,500,000. This is also a great program for second home financing.
We also have 5/1 ARM programs in the mid 4's for loan to values of 70% or less.
We also offer competitive pricing on FHA, VA and Conventional Loans in Mercer County, NJ, as well USDA loans in qualified RD areas. Stated Income programs are also slowly making a comeback as well..
We also have other Jumbo available in Mercer County, including our bi-weekly equity builder loan program, which allows for financing to trusts, both revocable and irrevocable. Call for details on these ever-changing products.
* Guidelines subject to change without notice and subject to final investor underwriting **Price adjustments for loans over $750k on fixed rate loans: add a .25% for fixed rates over 750k
Despite the news of tightening of the credit markets, it appears that after long last that there is a bit of easing in the Jumbo Mortgage Market, even for second homes. Senior management at my company has worked diligently to bolster our warehouse lines as well as enhance our investor relationships in order to offer many different jumbo loan programs. As a long time Jersey Shore fan (LBI), I am pleased to announce our great programs for vacation homes in New Jersey.
Current highlights include great jumbo rates even in areas where the jumbo loan limit was not raised much over $417,000 in any counties of New Jersey, such as Atlantic County.. We can offer financing on jumbo loans to $1,500,000 and above, for both principal residences and second homes.
Fully documented loans are available with as little as a 20% down payment or 20% equity in refinances on loan amounts up to 1 Million. Excellent rates are available on 5/1, 7/1, and 10/1 ARM Programs, as well as the standard fixed rates. Call or email me for customized quotes and details on a loan program for you.
Currently 5/1 and 7/1 ARMS are often below 5% with no points. Contact me for APR's and current offerings.
Stated Income programs for the self-employed and no-doc loans for second homes are slowly coming around as well. Call for specific details.
All in all, it appears that slowly but surely credit is beginning to loosen for qualified borrowers!
Despite the news of tightening of the credit markets, it appears that after long last that there is a bit of easing in the Jumbo Mortgage Market, even for second homes. Senior management at my company has worked diligently to bolster our warehouse lines as well as enhance our investor relationships in order to offer many different jumbo loan programs. As a long time Delaware Beach fan (Dewey and now Bethany Beach) , I am pleased to announce our great programs for vacation homes in Delaware.
Current highlights include great jumbo rates even in areas where the jumbo loan limit was not raised over $417,000 in any counties of Delaware. We can offer financing on jumbo loans to $1,500,000 and above, for both principal residences and second homes.
Fully documented loans are available with a 25% down payment or 25% equity in refinances on loan amounts up to 1.25 Million. Excellent rates are available on 5/1, 7/1, and 10/1 ARM Programs, as well as the standard fixed rates. Call or email me for customized quotes and details on a loan program for you.
Currently 5/1 and 7/1 ARMS are often below 5% with no points. Contact me for APR's and current offerings.
Stated Income programs for the self-employed and no-doc loans for second homes are slowly coming around as well. Call for specific details.
All in all, it appears that slowly but surely credit is beginning to loosen for qualified borrowers!
Despite the news of tightening of the credit markets, it appears that after long last that there is a bit of easing in the Jumbo Mortgage Market, even for second homes. Senior management at my company has worked diligently to bolster our warehouse lines as well as enhance our investor relationships in order to offer many different jumbo loan programs.
Current highlights include great jumbo rates even in areas where the jumbo loan limit was not raised over $440,000 in many counties of Connecticut. In other areas such as Fairfield County, the conforming jumbo loan limit is just over $700k. We can offer financing on jumbo loans to $1,500,000 and above, for both principal residences and second/Vacation homes.
Fully documented loans are available with up to a 20% down payment or up to a 20% equity in refinances on loan amounts up to 1 Million. Excellent rates are available on 5/1, 7/1, and 10/1 ARM Programs, as well as the standard fixed rates. Call or email me for customized quotes and details on a loan program for you.
Currently 5/1 and 7/1 ARMS are often below 5% with no points. Contact me for APR's and current offerings.
Stated Income programs for the self-employed and no-doc loans for second homes are slowly coming around as well. Call for specific details.
All in all, it appears that slowly but surely credit is beginning to loosen for qualified borrowers!
I recent did some research for a client who is considering placing a secondary home into a qualified personal residence trust (QPRT). I found that no traditional lenders will allow a loan they service, let alone allow for a newly originated loan, to be placed into an irrevocable trust such as a QPRT. A QPRT is an irrevocable trust that can be used for both asset protection and tax savings, particularly for those with estates greater than $3.5 million in 2009.
Our Portfolio Program allows for a loan to be both originated and serviced when held by an irrevocable trust such as a QPRT, subject to reviewing the document and underwriting the loan. This is a niche for marketing to estate attorneys, elder care attorneys, CPA's and others. The beneficiaries of the trust still need to personally guaranty the loan.
This loan program is available to qualified applicants in Virginia, Maryland, Pennsylvania, Delaware, New Jersey, Connecticut, and parts of NY.
Loan terms include 30 and 40 year Fixed Rates, various Adjustable Rate Terms , and 15 Year Fixed Rate Terms. Loan amounts range from 100k-1.5Million.
Despite the continued tightening of the credit markets, there are still mortgage programs available for self-employed borrowers who have trouble sufficiently documenting their income. This is despite the unfortunate past abuse of low-documentation programs by loan officers, consumers, and real estate agents. These programs are available on a brokered basis, and are subject to guideline changes.
Stated income programs are available typically at a 65% or even 60% loan to value currently. This means maximum financing on a 500k property would be 325k. Purchases and refinances are available. Be prepared to show liquid assets, a 2 year history of being self-employed(and in some cases a corporate structure rather than just a 1009). Lower documentation programs are available at lower loan to values and increased rates.
These programs are available in CT, NJ, parts of Eastern PA, and in parts of NY. For customized quotes or to see if you qualify, please contact me via email or by phone. Typical rates for these programs are now in the mid 5% to mid 6% range.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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