Over 50% of the
loans closed at Decision Mortgage Company are Jumbo loans. Needless
to say we have be come a Jumbo expert in our market places. We
have some of the best rates and loan programs for the Jumbo borrower.
The following are some general loan parameters, but we have numerous
loan programs to fit the borrowing needs and criteria of the Jumbo
borrower.
Amortization and Terms
Interest Only, 40, 30, 15,
and 10 Year
Credit History:
Most programs require no
mortgage lates in the last 12 months and generally strong
credit. Other programs allow for "less" than perfect
credit
Employment Requirements:
Salaried, Self-Employed,
No Income and No Document loans are available
Loan Amounts:
$334,000 to $5,000,000
Property Types:
Primary, 2nd/Vacation, and Investment
Loan Programs:
30, 15 and 10 Year Fixed
10, 7, 5, 3 and 1 Year ARMs
Cost of Fund (COFI) ARMs
Negative Amortization ARMs
