Despite the tightening of the credit markets, we are pleased to announce that we have entered into a broker capacity to offer Super Jumbo Loans in New York County, NY and some surrounding counties, including the 5 Boroughs of New York.  This is great news for Manhattanites looking to purchase a home or those looking to refinance their existing home.

Highlights of the Full Doc Super Jumbo Program program include loans from $1,000,000 to $5,000,000* with a typical loan to value ratio of 70%.  On a case by case basis, higher loan amounts and loan to values may be considered.*     

Typical minimum FICO scores of 680/700 and debt ratios of 42%.  Full Doc loans only.  Subject to verification of post closing assets.*

Common sense lending for Super Jumbo loans in New York County, NY!* 

This is in addition to our competitive pricing on Full Doc Jumbo Loans currently available in  New York County with loan to values of up to 75% on purchase money/rate term refinances up to $1,250,000.  We also have some stated income, verified asset programs as well at reduced LTV's. Call for details on these ever-changing products.

At significantly reduced Loan to Values, there are also loans we can offer on a brokered basis for pure no-doc loans as well.  Call for details!

Michael Byrne

www.refi-fhasecure.com

www.mortgageprosforum.com

* Guidelines subject to change without notice and subject to final investor underwriting.

Gateway Funding Diversified Mortgage Services, L.P. is licensed by the PA Department of Banking as a first mortgage banker and licensed pursuant to the PA Secondary Mortgage Loan Act; Arkansas Mortgage Company License; Licensed by the Department of Corporations under the California Residential Mortgage Lending Act; DC Mortgage Lender and Broker; a Georgia Residential Mortgage Licensee (#15499); Illinois Residential Mortgage Licensee; Kansas licensed Mortgage Company; Massachusetts Mortgage Lender and Broker (#MC-3052); Licensed by the New Hampshire Banking Department (#10192-MBB); Licensed by the NJ Department of Banking and Insurance; Licensed Mortgage Banker NYS Banking Department; a Mortgage Lender and Broker in Rhode Island; Gateway Funding is also authorized or exempt as a mortgage banker in AL, CO, CT, DE, FL, IN, IA, ME, MD MI, MN, MO, MT, NE, NV, NM, NC, OH, OK, OR, SC, TN, TX, UT, VT, VA, WV, and WI. This is not an offer to extend credit to any individual who may be entitled to a more complete disclosure per RESPA, TILA, HOEPA or any other more applicable federal, state or local law or regulation, Rates, Terms, Fees and Equity requirements are subject to change without notice. For qualified borrowers only. Equal Housing Lender.  © 2008 Gateway Funding Diversified Mortgage Services, L.P.

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