Super Jumbo Home Loans

• Fixed and Adjustable Rate Super Jumbo Loans over $1million
• Full Doc Jumbo to 80% LTV on owner-occupied SFR
• Jumbo second home and vacation home loans
• Purchase, rate & term refinance, cash-out refinance
• "Hard Money" jumbo loans to $3MM also available -- CA only
• "Conforming Jumbo" to $729,750 -- government FHA and VA loans available

Other super jumbo loan features

• Bank loans -- jumbo loan programs for fully documented income and assets to credit-qualified borrowers. See rate examples and guidelines below.
• Hard money super jumbo residential loans starting as low as 9.00%. We have private money sources for specific situations that just miss bank guidelines on high end real estate in desireable markets -- up to 70% LTV in some cases. Full doc or stated income qualifying.
• "Interest-only payment" or 40-year amortization schedule options are available on many of our jumbo loan offerings.
• Jumbo residential construction loans (bank loan = full doc only)
• Properties vested in a trust, partnership, LLC, or Corp OK
• Loans to Foreign Nationals (second homes only, max 60% LTV)
• Cross-collateralized property transactions considered

California Super Jumbo Loan Market Update, 2008

Prior to August of 2007, financing Calfornia super jumbo loans -- those over $1 million dollars -- was a far easier process, even at higher loan-to-value ratios and for those with hard-to-document incomes and/or less than perfect credit. Times have changed drastically. These loans are extremely difficult for banks to sell to secondary market investors on Wall Street now, and "portfolio" loans offered by some banks have tightened credit and underwriting guidelines to minimize risk of further foreclosure losses.

Another obstacle to achieving the higher loan-to-value percentages today is the disappearance of simultaneous 2nd mortgages, which up until recently could be combined with a jumbo 1st mortgage resulting in higher loan amounts and increased loan-to-value percentages. These days second mortgages are limited to 80% or less of the value or sales price of property in combined jumbo loans.

Don't be fooled by lender advertisements or brokers claiming to offer low-rate super jumbo loans with stated income or less-than-perfect credit or low down-payments. In our current California real estate market, those loans simply don't exist at this time.

Qualifing for a California jumbo loan in excess of $1 million dollars today requires a 20% to 40% down payment if you are purchasing, or equivalent residual equity in the property if you're refinancing an existing loan. The exact equity requirement will depend on the loan amount sought, your credit, verifiable income, net debt-income ratio, asset reserves, occupancy and property type.
Examples:

* we loan up to 80% of the value / sales price to $1.5 million dollars max
* we loan up to 75% of the value / sales price to $2 million dollars max
* we loan up to 70% of the value / sales price to $3 million dollars max
* we loan up to 65% of the value / sales price to $5 million dollars max

GREAT JUMBO RATES & LOAN PROGRAMS FOR JUMBO LOANS $1MM+

* 6-month ARM -- lowest monthly payment and NO negative amortization!
Note Rate: 5.49%* -- Interest-only payment OK for 10 years!
Bi-annual adjustment based on 12-MTA Index + 2.50 margin, 30-year amortization, 6/1/6 caps, 12-mo prepayment penalty, 60-day lock price. Full Doc qualifying only - call for more info.

* 5/6 ARM -- low fixed monthly payment and NO negative amortization!
Note Rate: 5.925%* -- Interest-only payment OK for 10 years!
Fixed rate for 60 months, adjustable thereafter. 12-MTA Index + 2.50 margin on recast, 5/1/5 caps, 12-mo prepayment penalty, 60-day lock price. Full Doc qualifying only -- call for more info.

* Rates shown above are Note, not APR as of 9-17-2008 and are not guaranteed up-to-date--call for current pricing. Terms, conditions, and restrictions apply. Loan programs subject to lender and market availability.

For inquiries regarding super jumbo mortgage loans in California please call me direct: 1-800-644-8829 or inquire online.

1. Loan programs and amounts, percentage of loan-to-value, rates, terms and qualifications vary by lender. Restrictions and conditions apply -- see the 2008 jumbo loan market update above or call for more information.

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