|
|
Jumbo Loans . . . Without Jumbo Rates!!
A Jumbo Loan is a mortgage with a loan amount exceeding the conforming loan limits (currently $417,000 in the Tampa Bay market), set by OFHEO, or the office of Federal Housing Enterprise Oversight, and therefore, not eligible to be purchased, guaranteed or securitized by Fannie Mae or Freddie Mac.
Also referred to as a "Jumbo Mortgage", Jumbo loans are often securitized by institutions other than Fannie Mae or Freddie Mac. Typically these securities carry more credit risk than those issued by Fannie Mae or Freddie Mac, and usually trade at a yield premium which translates into slightly higher rates.
Due to the ever-tightening credit policies and stricter underwriting guidelines being imposed by lenders and Private Mortgage insurerers as a result of the recent sub-prime meltdown and credit crunch, borrowers are finding it increasingly difficult to obtain financing for jumbo loans, pricing many borrowers out of the Luxury Home Market. . . Until now. Meridian Financial is still offering Jumbo Loans up to $3,000,000 and Super Jumbo Loans up to $10,000,000.
Call (727) 209-0372 Now, Or Complete The Form At The Bottom Of This Page For a Free Confidential Analysis
Live Your Dream!
J UMBO LOANS FROM:
$500,000 to $3,000,000
P URCHASE • REFI • CASHOUT
- NO ASSET VERIFICATION
-
NO RESERVES REQUIRED
- R
ATES STARTING UNDER 6%
* Min. FICO for verified income: 680 for employed; 700 self-employed. Assets & reserves are not stated or verified. IRS form 4506 not required. Rate & program subject to change without notice. Other restrictions may apply.
|
|
