Super Jumbo Stated Income Mortgage Loan Programs may be available to you depending upon your scenario.
I am now working with a lender who will originate Super Jumbo Stated Income Mortgage Loans in NJ NY CT and FL. The program is available as an ARM product only ranging from a 3/1 ARM all the way up to a 10/1 ARM. The program is also available with the interest only feature.
The LTV requirement is 70%
Depending upon the product, the lender may also require a 10% deposit with them.
The rates are excellent and this may be a great time to lock in.
If you have a multi million dollar home or your customer is looking to buy one and have been looking for the right loan program, then contact me and we can discuss your loan scenario to see if this program will work for you.