FAST DU/LP UNDERWRITING

QUICK FACTS

  • Ultra-Aggressive Pricing
  • Loan Amounts to $2.5 Million
  • 30-Year Fixed Rate Term
  • Cash-Out Refinance Options
  • Non-Occupant Co-Borrowers Accepted
  • Transferred Appraisals OK
  • Reduced Reserve Requirements

REQUIREMENTS

  • Must be Owner Occupied (Primary & Second Home)
  • Min FICO 700
  • Max Purchase & Refinance DTI 43%, Max Cash-Out DTI 38%
  • Max Purchase & Refinance LTV 80%, Max Cash-Out LTV 75%
  • Max 6 Total Properties
  • Min 6 Months Reserves
  • Eligible Property Types: SFR, PUD, Condo, 2 Units
Our Sapphire Jumbo loan program offers more for less! It starts with highly competitive pricing - among the best in the industry, then allows for various scenarios that make it easier to qualify your borrowers. What could be better?  Consider the following...

For those who don't qualify based on their own income, non-occupant co-borrowers can help improve the DTI ratio by producing a new blended ratio. If the borrower has had an instance of making a late payment on their loan, they are not automatically disqualified. Cash-strapped borrowers will appreciate that this program only requires 6 months of reserves on the primary property when the loan is less than $1 million or 9 months for loans up to $1.5 million.  Sapphire offers cash-out options up to 100% and accepts properties that were recently listed for sale. This program also leverages AUS findings for a faster more consistent decision.

For borrowers looking for a fixed 30-year Jumbo loan solution that is easier to qualify for and offers a great rate on their primary or second home, Sapphire may be exactly what you need. Contact your account executive or download the product matrix below for more details.

GUIDELINES

CUSTOM PRODUCT FLYER

JOIN US NOW