Program I:
Loans over $1.5 Milion
Loan Amounts from $1.5 Million plus, with no minimum credit score.
The program allows you to utilize cash flow as income vs. stated income.
Foreign income from abroad is acceptable.
The basic Terms are LIBOR plus 2% for 5 or 10 yrs. There is a 2% Brokerage Fee
Qualifications:
Income; business and or personal must support the loan or cash flow to service the debt
Must have cash reserves or post closing reserves commensurate with the loan
Must show Bio to support the client is high net worth borrower.
Program II:
Loans under $1.5 Million
Income from overseas is ok
Qualifications:
Income; business and or personal must support the loan or cash flow to service the debt
Credit must be 680 or better, Terms can be LIBOR plus, ARM of Fixed
- LTV 80% Max on Loans <$1,000,000
- LTV 70% Max on Loans <$1,249,000
- LTV 65% Max on Loans >$1,250,000
Asset Loans on Investment grade securities, Stocks, Bonds CMOs. and CD’s. All assets must be liquid collateral, must trade in open market, must have volume. Unlike most stock programs, we have the ability to provide a hedge against the asset declining, which would normally trigger a margin call, while still giving the borrower full control and ownership of the account. Client also benefits from any increase of the stock and is not limited in any way from taking profits. Rate is 1.5% over LIBOR interest only for any term, with the ability to fix any time Monetize Treasuries to 95%, CD’s to 90%, CMO’s 85%, Bonds to 80%, and Stocks to 70%.
Jumbo Loans and Super Jumbo Mortgages are based upon risk based pricing. Every large Jumbo Loan and Super Jumbo Mortgage is unique to the specific mortgage transaction. Whether you are buying a second home, your waterfront dream Estate home or a mountainside Chateau we have a mortgage program.
Our representative’s are experienced Mortgage Professionals. All of our mortgage representative’s are educated and receive continuing education. We do not have order takers or telemarketers.
If you can afford a Jumbo mortgage, then you deserve the personal attention we offer.
If you have a specific mortgage scenario we will typically ask you for the following information:
- Name, address and social security number
- Property address and type
- Purchase or refinance (rate and term or cash out and how much)
- Income and assets information
- Permission to 'pull' a credit report
Generally, we cannot use a credit report that an individual might acquire from one of the bureaus. The credit scores could have to great of a variation to give you a satisfactory mortgage recommendation.
We can not use another company's credit report. We will not use a credit report generated from an internet credit company.
If you want us to confirm the availability of an exception, we must 'pull' a credit report from 3 of the credit repositories. The exceptions typically take 24-48 hours to review.
Two River Mortgage & Investment looks at ever mortgage as if it were part of a client's Financial Plan. Our goal is to close Jumbo Mortgages and Super Jumbo Mortgages at the best price and on the best mortgage program available for our high income and high net worth borrowers.
Do you need to Finance a Super Jumbo Mortgage? Call 1-866-949-2900
DEFINITIONS: A conventional mortgage is generally between $50,000 and $417,000. Jumbo Mortgages traditionally start at the FNMA loan limit, (currently $417,000) and go to $650,000. As time has gone by the Jumbo Mortgage limit has risen to $1,000,000.
As real estate values have risen over the past 20 years, the mortgage industry created the nomenclature of a Super Jumbo Mortgage. In reality these are still Jumbo Mortgages. The problem that arose is that very many traditional banks do not want to offer mortgage loans over the $1,000,000 to the $1,200,000 range.
Super Jumbo Mortgage Loans are residential mortgages in an amount > $650,000. The Super Jumbo Mortgage can typically go up to $20,000,000.
We have financed Super Jumbo Loans over $6,000,000.
Mortgage Exceptions are always considered.
