Skip to main content

Jumbo Borrowers Look To Non-QM Options In Today’s Market

Home prices are still high across the country and as a result non-QM Jumbo options are more in demand for a number of reasons. Stricter Agency guidelines, including requirements for condos, and increased fees for second homes and high balance loans have borrowers looking to non-QM. As you prospect for Jumbo borrowers and talk to Realtors, make sure you market our Platinum Jumbo non-QM option that can avoid Agency fee increases and allows non-warrantable condos.

Platinum Jumbo Highlights:

  • Up to 95% LTV – No Mortgage Insurance!
  • Loans up to $3 million
  • Four years seasoning for foreclosure, short sale, bankruptcy or deed-in-lieu
  • Owner-occupied, second homes, and non-owner occupied
  • Purchase and cash-out or rate-term refinance
  • 40 year fixed interest only available
  • One year tax return program
  • Delayed financing available
  • Non-warrantable condos allowed

Plus, interest only is available! And to make it even better, for loans locked in June, there will be no rate adjustment for the interest-only option.

Read More