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Stated Income Loans

$400,000 to $1,500,000

Jumbo Loans up to $5,000,000!

4.875% Rate APR 5.044% on Loans up to $3,000,000

• Purchase, Refinance or Cash Out
• Available for Owner Occupied, 2nd Home and Investment Properties
• Above rate is based on Full Doc, Purchase, FICO 680+, Loan $3M

Additional guideline for the above program:

• Minimum loan amount is $400,000
• This program is limited to California only (selected counties Los Angeles, Orange, San Diego, Ventura, Santa Barbara, San Francisco, Marin, Napa and Sonoma)
• Applicant may not be a first time homebuyer.
• No gift funds may be used for the down payment.
• Maximum cash out of $250,000 on refinance transactions.
• Liquid assets: 3-12 months income based on the loan amount

Due to market volatility the rates change on hourly and daily basis. Please contact us for Today's Interest Rate.

Please contact or e-mail for details and review of your scenario.

A fixed rate mortgage (FRM) is a mortgage loan where the interest rate on the note remains the same through the term of the loan, as opposed to loans where the interest rate may adjust or "float." Other forms of mortgage loan include interest only mortgage, graduated payment mortgage, adjustable rate mortgage, negative amortization mortgage, and balloon payment mortgage. Please note that each of the loan types above except for a straight adjustable rate mortgage can have a period of the loan for which a fixed rate may apply. A Balloon Payment mortgage, for example, can have a fixed rate for the term of the loan followed by the ending balloon payment. Terminology may differ from country to country: loans for which the rate is fixed for less than the life of the loan may be called hybrid adjustable rate mortgages (in the United States).

This payment amount is independent of the additional costs on a home sometimes handled in escrow, such as property taxes and property insurance. Consequently, payments made by the borrower may change over time with the changing escrow amount, but the payments handling the principal and interest on the loan will remain the same.

Fixed rate mortgages are characterized by their interest rate (including compounding frequency, amount of loan, and term of the mortgage). With these three values, the calculation of the monthly payment can then be done.