Flagstar Bank Jumbo's are the following;
Full Documentation Loans
- 95% CLTV up to $650K Fico: 680
- 70/90 CLTV up to 2 million Fico: 680
* Based on 1-2 unit Properties/PUD/ Warrantable Condo
Stated Income Verifed Assets
- 80/90 CLTV up to $1m Fico: 680
- 70/80% up to $1.5m Fico: 680
- 65/80% up to $2m Fico: 680
* Based on 1-2 unit Properties/PUD/ Warrantable Condo
Also can be used as an ARM
The Jumbo product is a mortgage loan program offering Fixed and ARM products
allowing for jumbo loan balances. Also offered are a 10-year interest-only option and a one- or threeyear
hard prepayment penalty (available in many states). A SIVA option is offered for primary residence
transactions only. These loans are intended for delivery to a private investor and while we have
attempted to cover all scenarios in this guide, it is subject to the investor's guidelines.
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