95% Jumbo Loan
The gap: The FHFA (Federal Housing Finance Agency) provides 95% LTV loans in the $424,100-$636,150 range only for homes in Fannie Mae's designated "high-balance counties." This leaves a significant financing gap for the many people who don't live in these high-balance counties, because the maximum FHFA financing they can obtain for homes in this price range is 90% LTV.
Filling the gap: With Community Lending Group's innovative 95% Jumbo Loan, qualified borrowers-both inside and outside the high balance counties-can now obtain 95% LTV loans in the $424,100-$636,150 range! (Reserves are required; talk to your mortgage professional for details.)
PROGRAM HIGHLIGHTS
ELIGIBLE PROPERTIES
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Up to 95% LTV financing; maximum 38% DTI
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Loan amounts: $424,100-$636,150
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Minimum FICO credit score:
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740 for 95% financing to $636,150
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680 for 90% financing to $850,000
(740 minimum for first-time homebuyer)
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1-unit primary residences (single-family, PUD, condominium
LOAN PURPOSE
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Purchase; rate and term refinance
LOAN TYPE
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Fixed-rate
Contact us today for more information about our 95% Jumbo!
For real estate professional use only and should not be considered an advertisement to the general public