Jumbo Loans To 95% LTV With No Mortgage Insurance
LENDERLINE® is currently offering jumbo loan to 95% LTV with no mortgage insurance under the following conditions:
- The property must be located in the State of California.
- 95% LTV to $1,500,000 loan amount.
- 85% LTV to $2,000,000 loan amount.
- SFR, PUD, and warrantable condos only at 95% LTV.
- 2-4 unit properties allowed at 85% LTV or below.
- Purchase, rate/term or cash-out refinance.
- Primary residence only.
- Minimum 720 credit score for purchase and rate/term refinance.
- Minimum 760 credit score for cash-out refinance.
- Cash-out refinance requires 12 months seasoning of ownership.
- First-time homebuyer allowed (see underwriting guidelines for restrictions).
- No housing rent or mortgage late payments allowed during the past 24 months.
- W-2 wage earner or self-employed.
- Borrower must be U.S. citizens or permanent residents.
- No foreign nationals allowed under this program.
- 9 months PITIA reserves required for subject property.
- 6 months PITIA reserves required for each additional financed property.
- Full income and asset documentation required.
- DTI maximums range from 35% to 50%, depending on LTV (see guidelines).
- Available as a 5/1 ARM, 7/1 ARM, 7/1 AM I/O, 10/1 ARM, 10/1 ARM I/O, 15-year fixed, 30-year fixed, 30-year fixed I/O, and 40-year fixed I/O.
- No prepayment penalty.
To download underwriting guidelines
for our 95% LTV super-jumbo loans with no mortgage insurance:
To download a loan application
for our 95% LTV super-jumbo loans with no mortgage insurance:
LENDERLINE® is your jumbo loan to 95% LTV with no mortgage insurance lender of choice. Jumbo loans are our specialty, and we have the best jumbo mortgage rates in the nation.
Questions? To get today’s interest rates or to receive a FREE mortgage consultation, call LENDERLINE® toll-free at 1-888-661-7888, or complete this form to schedule an appointment.