Non Comforming Loans
A non-conforming loan is a loan that does not meet conventional guidlines or exceeds the loan limits for Fannie mae, Freddie Mac, FHA, and VA in your specific county. (JUMBO LOAN) Since the lender cannot get backing from any of these entities they will have to hold the note and assume all the risk themselves. They can now make their own lending guidlines. Since the loan amounts are so large it is very important to get the best rate and program available. I specialize in these types of loans. I have many programs matched with the most aggressive rates. There are many factors in determining what type of rate you will qualify for such as program,term and your individual qualifications to name a few. I would recommend a thorough evalution of your situation to receive an accurate quote. Below are a few of the program highlights. Please feel free to contact me for an evaluation.
1. No PMI programs
2. Appraisal refund program
3. All Terms available including Fixed rates, Adjustable rates and Interest only options
4. Most aggressive rates you will find anywhere!!!!!
5. Cash out options available
6. Fast turn times for both purchases AND refinances
1. No PMI programs
2. Appraisal refund program
3. All Terms available including Fixed rates, Adjustable rates and Interest only options
4. Most aggressive rates you will find anywhere!!!!!
5. Cash out options available
6. Fast turn times for both purchases AND refinances
