New American Funding Jumbo Loans
New American Funding is excited to offer several jumbo loan options to qualified borrowers in most states.
Jumbo Loans Up To $2.0 Million
New American Funding offers qualified borrowers in most states in-house jumbo loans totaling up to $2 Million. Our mortgage team can provide the financing you need to get the home you truly want.
Highlights of New American Funding’s Jumbo Loan Program
- Loan amount totaling up to $2.0 Million (Higher loans amounts available case by case or by exception)
- Flexible Debt to Income (DTI) ratios considered for loan approval
- Fixed Rate and ARMs Transactions available
- Eligible Occupancy includes:
- Second Home
- Eligible Transactions include:
- Cash Out
Jumbo ARM Loans Up To $2.0 Million
New American Funding presents borrowers in most states with competitive rates and terms for Jumbo ARM loans.
Highlights of New American Funding’s ARM Loan Program:
- Jumbo ARM Loan amount totaling up to $2.0 Million
- No Reserve Requirement
- Only Purchase and Rate-and-Term Refinance Transactions accepted
- Primary and Second Homes are only eligible properties
- Non-Interest-Only ARMs (no fixed rate)
- 5/1 and 7/1 Interest-Only ARMs
- Primary Residences = 80% Max LTV
- Second Homes = 75% Max LTV
Super Jumbo Loans for $5.0+ Million
New American Funding does offer Super Jumbo Loans for $5.0+ Million to qualified borrowers in most states.
Highlights of New American Funding’s Super Jumbo Loan Program:
- Super Jumbo Loans available for amounts totaling $5.0+ Million
- No limit on the number of properties financed with one buyer
- Condos are included in this loan program
To contact a loan expert, use the contact form to the right or call (512) 797-5580.