Announcing Exciting Updates To Platinum Jumbo
We’ve just improved our guidelines for our Platinum Jumbo product to help borrowers who cannot qualify for prime Jumbo.
Updates:
- Rates reduced in all FICO x LTV buckets
- Added FICO x LTV buckets (now to 90% LTV with no MI!)
- Added lender paid compensation
- Reduced credit event seasoning from 60 months to 48 months
- Reduced minimum loan amount to $250,000
Without this product, many credit worthy borrowers can’t buy a home outside of conforming limits. We can help!
Platinum Jumbo Mortgage Highlights:
- Credit scores starting at 660
- Loans up to $3 million; Minimum $250,000
- Owner-occupied, 2nd homes and non-owner occupied
- Purchase and cash-out or rate-term refinance
- 30 year fixed rates