Posts tagged jumbo loans
Jumbo – Prime Jumbo
VA Jumbo Loan

Cherry Creek Mortgage Co., Inc. NMLS #3001. Cherry Creek Mortgage Company is not endorsed by, nor acting on behalf of or at the direction of the U.S. Department of Housing and Urban

Development, Federal Housing Administration, U.S. Department of Agriculture, Veterans Administration or the Federal Government. This material is informational only and not an advertisement

to extend credit as defined by TILA/Regulation Z nor an application for credit as defined by RESPA/Regulation X. All applications are subject to underwriting approval and determining applicant’s

ability to repay. Not all applicants are eligible for or qualify for all loan products offered. All loan programs, terms and conditions are subject to change without notice. Rates and terms are valid

as of the date of printing/distribution.

If you’re a veteran who is looking to purchase a home with a value that exceeds the VA’s published loan

limits for your area, a VA jumbo loan could be a great option.

JUMBO LOAN

OPTIONS FOR

VETERANS

Call me today to learn more about our VA jumbo loan options!

Who is eligible?

• Current active military (90 days min. service),

honorably-discharged Veterans, and Reservist

members (six years with an honorable

discharge or 60-180 days of active duty)

• Surviving spouses of Veterans who died

during service and have not remarried

• Those granted Veteran status through civilian

employment

Financing details include:

• Loan amounts up to $1 million available

• Maximum loan-to-value ratios vary according to

the loan amount – check with me for details

• No monthly mortgage insurance is required

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US Bank - Interest Only - Referral Flyer

Interest Only Jumbo Loans Offer a Great Strategy

for Keeping Luxury Home Housing Costs in Check

Tom Schreiner

Home Mortgage Originator, CML

NMLS #272040

Cherry Creek Mortgage Co., Inc. NMLS #3001. The material provided here is intended as educational and informational

only and is for distribution to real estate or financial professionals and is not intended for distribution to consumers; this

does not constitute an offer to lend or to recommend available products. (CCMC ID #1801.)

6025 S Quebec Street, Suite 280

Centennial, CO 80111

o: 303-488-0479

c: 720-290-1900

tschreiner@ccmclending.com

www.tomschreiner.com

If you’re representing luxury home buyers who are looking for ways to keep their monthly housing costs as low as possible,

our Interest Only Jumbo Loan may offer an attractive solution. This product offers the following features:

• 5/1, 7/1, 10/1 Interest Only ARMs available.

• 75% LTV up to $650,000; 70% LTV up to $1,000,000 and 65% LTV to $1,500,000 allowed for 1-2 unit primary residences.

• 70% LTV up to $650,000 and 65% LTV up to $1,000,000 allowed for 1-unit second homes.

• Non-occupant co-borrowers allowed.

Key program guidelines include:

• 720 minimum credit score required.

• Max debt-to-income of 45% allowed based on fully amortizing payment utilizing a 20-year amortization period.

• Minimum qualifying household income of $150,000/year AND reserves of $250,000 or 24 months PITI (whichever is

higher) required from occupying borrrowers.

Contact me today to discuss the details of this special offering!

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Chase - Two Million Max Loan - Flyer

Cherry Creek Mortgage Co., Inc. NMLS #3001. The material provided here is intended as educational and informational only and is for distribution to real estate or financial professionals and is not intended for distribution to consumers; this does not constitute an offer to lend or to recommend available products.

$2,000,000 loan amounts available for purchase and rate/term refinance transactions (owner-occupied and second homes).

Interest-only ARMs available with reduced loan-to-value allowances.

Non-occupant

co-borrowers allowed.

Gift funds acceptable with a minimum

5% borrower contribution required.

No acreage limits.

Our jumbo mortgage products offer loan amounts large enough to accommodate the needs of your luxury home buyers, and our guidelines offer appealing benefits for clients needing larger loan amounts.

Contact me to learn more about our jumbo offerings!

Luxury home buyers deserve a mortgage that exceeds their expectations

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Select 90 Jumbo Program Flyer

Cherry Creek Mortgage Co., Inc. NMLS #3001. This material is informational only and not an advertisement to extend credit as defined by TILA/Regulation Z nor an application for credit as defined by RESPA/

Regulation X. All applications are subject to underwriting approval and determining applicant’s ability to repay. Not all applicants are eligible for or qualify for all loan products offered. All loan programs, terms

and conditions are subject to change without notice. *BPMI = Borrower Paid Mortgage Insurance; LPMI = Lender Paid Mortgage Insurance. LPMI may not be canceled by the borrower; it terminates only when the

loan is refinanced or paid off, and it usually results in a loan with a higher interest rate than BPMI unless discount points are added to lower the rate. BPMI may be canceled or terminated when the loan reaches

80% of the original value of the property.

Rising property values in many markets are driving more buyers to look for jumbo financing. Many

jumbo programs require large down payments which can put a significant dent in a borrower’s nest

egg, while others require monthly mortgage insurance which can inflate monthly housing costs.

Our Select 90 Jumbo Program is a great fit for borrowers looking to lower their down payments for

a luxury home purchase while keeping their monthly housing payments as low as possible.

Highlights include....

• 90% Loan-To-Value allowed for loan amounts up to $1,500,000

• Neither monthly nor lender-paid mortgage insurance* is required

• 30-year fixed rates available for both purchase AND rate/term refinances

CONTACT ME TO LEARN MORE ABOUT OUR JUMBO OFFERINGS!

SELECT 90

JUMBO PROGRAM

OFFERS HIGH LOAN-TO-VALUE FINANCING

WITHOUT MONTHLY MORTGAGE INSURANCE!

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Redwood Non QM Jumbo - Referral Flyer

We offer the Jumbo Plus product for well-qualified buyers who are looking for loan amounts up to

$2,000,000 ($1,000,000 for 1st time home buyers) and have debt to income ratios of 49.99% or less.

• Borrowers with at least $500,000 in assets may be able to qualify for financing based off those

assets rather than a review of their income. Borrowers who are less than 59.5 years old may only

use non-retirement assets for qualification purposes.

• Gaps in employment are allowed within the past 2 years as long as the borrower is with his or

her current employer for six months and can provide a satisfactory letter of explanation. Program

requires a two-year employment history.

• Borrowers, transaction, and property must meet all program guideline requirements. Not everyone

will qualify for this program!

Jumbo Plus offers flexible financing options for luxury buyers

Cherry Creek Mortgage Co., Inc. NMLS #3001. This information is for use by real estate professionals only and should not be distributed to or used by consumers or other third parties. Information is

accurate as of the date of printing and is subject to change without notice.

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Prime Jumbo 90 Percent LTV to 1.5 Million - Referral Flyer

Cherry Creek Mortgage Co., Inc. NMLS #3001. The material provided here is intended as educational and informational only and is for distribution to real estate or financial professionals and is

not intended for distribution to consumers; this does not constitute an offer to lend or to recommend available products

REACH OUT TO ME TODAY – LET’S WORK TOGETHER TO

FIND THE RIGHT MORTGAGE FOR YOUR LUXURY BUYERS.

Key Features and Benefits

• Buyers can borrow up to 90% of the lower of the purchase price or appraised value.

• Loan amounts up to $1,500,000 are allowed.

• Borrowers can choose from 30 and 15-year fixed rate loans or 5/1, 7/1, or 10/1 ARMs.

• Neither monthly nor lender-paid mortgage insurance are required.

• Underwriting is managed by our internal team. Appraisals are ordered through our appraisal panel.

The jumbo mortgage experience

just got a lot simpler.

Our new Prime Jumbo Program offers high Loan-To-Value

options, internal underwriting, and a simple appraisal process,

creating an efficient experience for your buyers - and you!

Read More
Expect More - Referral Flyer

Cherry Creek Mortgage Co., Inc. NMLS #3001. The material provided here is intended as educational and informational only and is for distribution to real estate or financial professionals and is not intended for distribution to consumers; this does not constitute an offer to lend or to recommend available products. *BPMI : Borrower Paid Mortgage Insurance; LPMI : Lender Paid Mortgage Insurance. LPMI may not be cancelled by the borrower; it terminates only when the loan is refinanced or paid off, and it usually results in a loan with a higher interest rate than BPMI unless discount points are added to lower the rate. BPMI may be cancelled or terminated when the loan reaches 80% of the original value of the property.

We’ve served luxury home buyers for decades. We understand their needs and manage their transactions with care and professionalism. Contact me to learn more about our wide variety of jumbo products.

EXPECT MORE.

LUXURY HOME BUYERS HAVE

A WIDE VARIETY OF NEEDS.

Loan amounts up to $2,000,000 available.

Low down payment options available for loan amounts up to $650,000.

Many of our jumbo products do not require monthly mortgage insurance payments.

Debt to income ratios up to 49% allowed for loan amounts up to $1,000,000 (additional reserve funds and higher minimum credit score required).

Cash reserve requirements as low as 6 months available for borrowers with limited assets (loan amounts up to $900,000).

Loan approvals are subject to a full underwriting analysis of income, assets, credit, and collateral.

WE OFFER A BROAD RANGE OF JUMBO PRODUCTS WITH THOSE NEEDS IN MIND.

Read More
Chase - Super Jumbo to 3 Million - Referral Flyer

Cherry Creek Mortgage Co., Inc. NMLS #3001. This material is informational only and not an advertisement to extend credit as defined by TILA/Regulation Z nor an application for credit as defined by RESPA/Regulation X. All applications are subject to underwriting approval and determining applicant’s ability to repay. Not all applicants are eligible for or qualify for all loan products offered. All loan programs, terms and conditions are subject to change without notice. Rates and terms are valid as of the date of printing/distribution.

Agent Name Job Title Here

Office: (XXX) XXX-XXXX

Mobile: (XXX) XXX-XXXX

agentname@ccmclending.com

XXXX Street Name

City Name, ST XXXXX

NMLS# XXXXXX

If you’re in the market for a luxury property, it’s important to work with a lender who will manage your loan with professionalism, communicate effectively with you and other parties to the transaction, and pay careful attention to the specialized requirements found when larger loan sizes are in play. With over 30 years of experience in providing jumbo financing to luxury home buyers, you can place your confidence in us to make your dream home a reality.

Our Super Jumbo program offers the following great features…

Loan amounts up to $3,000,000 available

85% Loan-To-Value allowed

Owner occupied residence

Mortgage insurance is not required

24 months reserves are required

Additional underwriting guidelines apply – contact me for details

Looking for a loan of up to $3,000,000 for your luxury home?

Reach out to me today to learn more about this remarkable loan program!

Read More
Chase - Luxury Home Buyers Deserve - Referral Flyer

LUXURY HOME BUYERS deserve a mortgage that exceeds their expectations

Contact me to learn more about our jumbo offerings!

Our jumbo mortgage product offer loan amounts large enough to accommodate the need of your luxury home buyers, and our guidelines offer appealing benefits for clients needing larger loan amounts.

$2,000,000 loan amounts available for purchase and rate/term refinance transactions (owner-occupied and second homes)

Interest-only ARMs available with reduced

loan-to-value allowances

Non-occupant co-borrowers allowed

Gift funds acceptable with minimum 5% borrower contribution required

No acreage limits

*Cherry Creek Mortgage Co., Inc. NMLS #3001. The material provided here is intended as educational and informational only and is for distribution to real estate or financial professionals and is not intended for distribution to consumers; this does not constitute an offer to lend or to recommend available products.

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B of I - Five Million Dollar Loan - Referral Flyer

Cherry Creek Mortgage Co., Inc. NMLS #3001. The material provided here is intended as educational and informational only and is for distribution to real estate or financial professionals and is not intended for distribution. Rates

and terms are valid as of the date of printing/distribution. This ad is not an offer for an extension of credit and is not a commitment to lend. Rates and terms are subject to change without notice. Rates and terms may

vary depending upon risk analysis, collateral quality and other factors.

OVERVIEW

The value of a partnership with us lies in our

flexibility and creativity to craft mortgages with

affluent clients’ financial management needs in

mind. Our innovative line of Jumbo ARM solutions

will help you to exceed the expectations of this

group of experienced homeowners.

• Portfolio Lender

• Focus on A+ quality full doc loans

• Expanded Guidelines: Loan amounts to

$5,000,000 (may go higher, case by case basis)

• Exception Lending: Simple process and quick

turn-around

Are you representing

home buyers looking

for mortgage financing

up to $5,000,000?

PROPERTY TYPES

• Single family primary residences

• Second homes or vacation properties

• Investment properties

• High land-to-home value

• Agency project condo financing

• No limits on acreage

• Unique properties considered

LOAN PRODUCTS & FEATURES

• We specialize in Jumbo ARMs

• Interest-only options available

• Vesting Title in Entities Program - LLC’s trusts,

partnerships & sub S corporations

• Pledged Asset Loan Program: 90% financing for

borrowers with complex investment portfolios

Read More
Associated Bank - Midwest Jumbo and Niche - Referral Flyer

Cherry Creek Mortgage Co., Inc. NMLS #3001. Product only available in the following states: Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Ohio, and Wisconsin. The material provided here is intended

as educational and informational only and is for distribution to real estate or financial professionals and is not intended for distribution to consumers; this does not constitute an offer to lend or to recommend

available products.

If your clients have unique needs that don’t neatly fit within typical mortgage

program requirements, take a moment to check out our Midwest Jumbo Portfolio

Program. It offers a great selection of outside-the-lines features including:

• LTVs up to 95% to $650,000 and 90% to $1,000,000

• Non Warrantable Condos up to 95% LTV

• Loan sizes from $30,000 to $1,500,000 with one appraisal

• LTVs up to 85% for cash-out

• Asset depletion can be used for income qualification

• Non-occupying coborrowers allowed

Contact me today to learn more about how I can help your

borrowers who have non-traditional needs.

MIDWEST JUMBO

PORTFOLIO PROGRAM

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Alliant Low Down Payment - Referral Flyer

Cherry Creek Mortgage Co., Inc. NMLS #3001. The material provided here is intended as educational and informational only and is for distribution to real estate or financial professionals and is not intended

for distribution to consumers; this does not constitute an offer to lend or to recommend available products. *BPMI = Borrower Paid Mortgage Insurance; LPMI = Lender Paid Mortgage Insurance. LPMI may not

be cancelled by the borrower; it terminates only when the loan is refinanced or paid off, and it usually results in a loan with a higher interest rate than BPMI unless discount points are added to lower the rate.

BPMI may be cancelled or terminated when the loan reaches 80% of the original value of the property.

Are your jumbo buyers looking for a low down payment mortgage?

Contact me today to learn more about this exclusive program

If your clients are looking for high loan to value financing for loan amounts that exceed

conforming requirements, our High Loan to Value Jumbo Product may be a perfect fit!

This unique program offers low down payment options that allow borrowers to limit their

out of pocket costs and preserve their assets for other investments.

• Loan to value as high as 95% with

loan amounts up to $850,000.

• Loan to value as high as 90% with

loan amounts up to $1,250,000.

• No borrower-paid monthly MI*.

• 5/1, 7/1, & 10/1 ARM. 15 or 30 yr Fixed Rate.

• Debt-to-income ratios as high as

43% allowed.

• Appraisal ordered through our

panel of approved appraisers.

Read More
Jumbo Options - Deephaven

It’s hard to be perfect!Are recent issues with your housing or credit history making it difficult for you to get a mortgage? If you are having trouble qualifying for conventional, government, or jumbo financing due to a recent foreclosure, short sale, deed-in-lieu, or bankruptcy, our Credit Opportunity Program may help. Not all borrowers will qualify, so contact me to learn more. • Loan amounts up to $2 million available • Debt to income ratios up to 43% allowed • Foreclosures, short sales, or deed-in-lieu events occurring greater than 24 months ago are allowed • Bankruptcies occurring greater than 12 months ago are allowed CALL ME. LET’S TALK ABOUT YOUR SITUATION AND SEE IF YOU QUALIFY.

This material is informational only and not an advertisement to extend credit as defined by TILA/Regulation Z nor an application for credit as defined by RESPA/Regulation X. All applications are subject to underwriting approval and determining applicant’s ability to repay. Not all applicants are eligible for or qualify for all loan products offered. All loan programs, terms and conditions are subject to change without notice. Rates and terms are valid as of the date of printing/distribution.

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