I'm happy to announce that while some banks are tightening guidelines and providing less options for homebuyers, W J Bradley Mortgage is offering more options to well qualified borrowers.
The latest product to come along will help those in the jumbo mortgage market. Here in the greater Scottsdale/Phoenix area, there are plenty of homes that go well beyond the $417,000 conventional loan limits. Once you get above that $417,000 mark, the options for prospective home buyers get a much stricter.
Here are some of the new products highlights we are currently offering:
Here are some of the new products highlights we are currently offering:
- 90% Loan-to-value (only 10% down payment!)
- Credit scores allowed down to 680 middle FICO
- Bankruptcy seasoning of 2-4 years depending on circumstances
- Loan amounts up to $3 million
- One one appraisal required for loan amounts up to $2 million
- No first time homebuyer restrictions
- Up to 9% seller concessions
Please keep in mind that mortgage guidelines are ever-changing. It is best to call to confirm program availability and qualifications.
I am always available to discuss your jumbo mortgage questions or any other home financing concerns you may have.
via:http://arizonamortgagepro.blogspot.in/2014/02/new-jumbo-loan-products-now-available.html
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