5/1 & 10/1 Jumbo Arms

Subject: 5/1 and 10/1 Jumbo Arm Purchase/Refinance
 
  • Loan Amount Range: $417,001-2,000,000*
  • Max LTV: 80%*
  • Minimum Credit Score: 700
  • Max Cash-Out: $250,000
  • Minimum 6 Months Reserves Required*
  • MAX Debt-To-Income Level: 40%
  • Up to 9% Interested Party Contributions*
  • Buyers Must of Had Ownership in a Property in the Last Three Years.
  • Buyers Must Contribute at Least 10% Toward Purchase Transaction.
  • Gift Funds are allowed*
  • Construction and Construction-to-Permenant loans are Not Eligable.
  • Up to Two Appraisals may be Required.*
  • No Prepayment Penalty
*Contact a Castle Rock Mortgage, LLC Mortgage Loan Originator for more Details.


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