We LOVE Jumbo loans!

Image2014 has  been all about change. One thing that isn’t changing is the fact the First Place Bank does Jumbo loans- loans over $417,001.

While other lenders are pulling out of the Jumbo market- we are committed to being your Jumbo lender!

 

We offer fixed and adjustable rates for purchase and refinance of primary residence and second/vacation homes. Loans over $2million are 30 year fixed only. All loans require a minimum credit score of 720.

On owner occupied single family property purchase-

Loans up to $1.5 million  with 20% downpayment

 Loans up to $2 million  with 25% downpayment

 Loans up to $2.5 million  with 30% downpayment

 

On a Second/vacation single family home purchase :

Loans $417001-$1 million with 25% downpayment

Loans up to $1.5 million with 30% downpayment

Loans up to $2 million with 35% downpayment

Loans up to $2.5 million with 50% downpayment

 

Here’s to selling more luxury homes in 2014!! I look forward to working with your clients and making 2014 a great year for all! 

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About lizschneider66

Mortgage consultant with over 18 years experience. First time buyers, move up buyers, construction, FHA/VA, Jumbo loans, investment property purchases, & refinances- I will find the solution to financing the American dream of homeownership! Subscribe to my blog and never miss any mortgage industry news.
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