Corridor Mortgage Group offers a wide array of products that allow you to make informed choices when it comes to financing a large investment. When a loan is larger than the limits set by the Federal National Mortgage Association (FNMA) and the Federal Home Loan Mortgage Corporation (FHLMC) it is called a Jumbo loan. The current FNMA/FHLMC limit is $417,000.00. We offer aggressive pricing and terms on Jumbo & Super Jumbo loans combined with high LTV guidelines as well, 100% to $650,000.00, and 90% to $1,000,000.00. Jumbo loans are loans between $417,000.00 and $650,000.00. Super Jumbo loans are loans over $650,000.00. Interest-Only features, Cash-Flow and Cash Management Options are great enhancements to our Jumbo & Super Jumbo products. Below we’ve listed some of our most used programs available under our Jumbo & Super Jumbo product line:
Here are some of the programs available under our Jumbo & Super Jumbo product line:
- 30-Year Fixed, 20-Year Fixed, and 15-Year Fixed
- 10/1, 7/1, 5/1, 3/1, 1/1 ARMs
- 100% Financing (80% 1st Mortgage & 20% 2nd Mortgage – No M.I.)
- 80/15/5 (80% 1st Mortgage & 20% 2nd Mortgage – No M.I.)
- 80/10/10 (80% 1st Mortgage & 10% 2nd Mortgage – No M.I.)
- 80/20 No Mortgage Insurance
- 95% Rate/Term Refinance
- 90% Cash-Out Refinance
- COFI Arms
To find out more about Jumbo and Super Jumbo loans, or to see if a Jumbo or Super Jumbo loan is right for you, contact us at Corridor Mortgage Group.
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