McGrover Funding Corporation provides jumbo loans up to $7M. Additionally we have Non Warrantable Jumbo Loans up to $3M. Below are some quick highlights:
- Non Warrantable Condos for Owner Occupied and 2nd homes only
- $7m max loan size for single family homes and warrantable condos
- $3m max loan size for Non warrantable condos
- 3/1, 5/1 and 7/1 ARM program
- Credit scores as low as 680 with loans up to 80% ltv
- Immigrant/ Expatriates with no U.S. credit are eligible for jumbo and super jumbo loans
- Maximum Debt to Income for this program is 40%
- Cash Reserves: Min. 12 months required up to $1M; 24 months reserved required above $1m
Let us know if you have anyone that needs to get pre-qualified. We can get a pre-qualification letter to you or your client within 24 hours after reviewing client’s credit and financials.