Jumbo Loans by Compadre Mortgage

Loan programs should be normal where high cost housing is normal. We are pleased to offer Non-conforming Jumbo loans and Agency High Balance loans to $2,000,000 with options to 90% LTV. 

Depending on your needs, the Jumbo Loan Program offers a fixed, 15-and 30-year term and 7/1 fully amortizing ARM, as well as an Agency High-Balance Loan. While loan-to-value ratio (LTV) differs based on the program, the program is an attractive option. The Jumbo Loan Program offers multiple options for those looking to finance higher-value luxury properties with agreeable terms.

Financing quality high priced and luxury homes

Fully Amortizing Fixed

• Maximum LTV up to 90%
• Minimum qualifying credit score 700
• Loan amounts up to $2,000,000
• 15- and 30-year terms

7/1 Fully Amortizing ARM

• Maximum loan-to-value ratio (LTV) up to 90%
• Minimum qualifying credit score 700
• Loan amounts up to $2,000,000
• Index: 1 Year LIBOR; Margin: 2.25%; Cap: 5/2/5; Floor: 2.25%

Agency High Balance Loan

• DU and LP need to be approve/eligible
• Maximum LTV 80% for purchase rate/term
• Cash-out refi max LTV 75% n Maximum debt-to-income ratio (DTI) 43%
• 30-year fully amortizing fixed rate only
• Minimum qualifying credit score 700

Eligible Property Types

• 1- to 4-unit attached/detached owner occupied property
• 1-unit second homes
• 1-unit investment properties (Note: 2-, 3- and 4-unit investment properties are permitted on an exception basis)
• Low-/mid-/high-rise new and established and approved condominiums
• Planned Unit Development (PUD)

Eligible Types

• Purchase
• Rate & term refinance
• Cash-out refinance