MortageBase

YOUR JUMBO MORTGAGE. YOUR PARTNER.

Looking to Refinance?
Looking to Purchase?

   OFFERING JUMBO AND SUPER JUMBO MORTGAGES NATIONWIDE

A Jumbo Mortgage exceeds $417,000 and a Super Jumbo Mortgage exceeds $1 million.  We can lend up to $10 million and over on your primary residence and vacation homes.  Your situation is unique and we take the time to understand your needs and fit you with the best mortgage for your home.

Featured Programs and Rates:
(other programs and rates are available, please request a quote)

 

Jumbo 5/1 ARM 2, 3: 2.250%  (3.310% APR*)

  • Fixed for 5 years then adjusts to the 1 year LIBOR plus 2.25.
  • Super jumbo loan amounts to $3mm and higher.
  • Interest Only Jumbo Mortgage options are available.
  • 7/1, 10/1 Jumbo ARMs and 30 & 15 Year fixed options are available as well – please call or complete the form.

* Rate and APR Assumptions: .720 points on an $800,000 loan amount, 760 Credit Score, 30 day lock, Purchase Transaction.  Purchase of an owner occupied Single Family Home in Los Angeles County, California.  Rate as of August 25, 2016 and subject to change.

Assumes 60 payments of $3,057.97 at an interest rate of 2.250%, 300 payments of $3,604.88 at an interest rate of 3.750%. The rate may increase or change after the initial fixed 5 years. If you choose to include your taxes and insurance the actual monthly payment will increase.

2.240% APR* Interest Only Jumbo Mortgage – 1st Lien HELOC. 1, 3

  • Draw 90% of the Home Equity Line of Credit (HELOC) amount at closing, up to $2M.
  • Keep the line open for 10 years to use as you see fit.
  • Flexible payment options – pay as little as interest only on the balance or as much as you would like.
  • The rate will adjust monthly based on Prime minus your margin. *

* The lowest variable rate of 2.240% APR available to borrowers with FICO scores of 760 or higher, and loan to value ratios of 70% or less with a total line amount equal to or greater than $500,000. Line must be secured by 1-unit owner occupied single family residence.

1 The line of credit offers variable Annual Percentage Rates (APR) from 2.240% to 3.625% as of 12/16/2015. Variable APR changes monthly. Not all clients will qualify for the lowest rate. Rates may increase to a maximum of 15%. During the 10- year draw period, there is a $50 annual fee.

First lien home equity line of credit available in AZ, CA, CO, CT, DC, FL, GA, MA, MD, MO, NC, NJ, NY, PA, RI, VA, and WA. Please contact us for more details. You should consult a tax adviser regarding the deductibility of interest and charges.

The variable APR range of 2.240% - 3.625% is available to borrowers with FICO scores of 720-760 or higher, and loan to value ratios of 70.00%-89.90% with a total line amount equal to or greater than $500,000. Line must be secured by 1-unit single family residence. The line of credit has estimated origination and closing fees ranging from $0 to $8,335, based on a representative line amount of $600,000 to $800,000, though your actual costs may be higher. Transfer taxes may also apply. This estimate does not include hazard or flood insurance that you must carry on the property.

2 Rates will not change from state to state but APR may vary by state and county due to 3rd party fees. All quotes reflect a 30 year term. Payments received after the 15th of the month will incur a late payment fee of 5% of the payment.

Subject to credit and property approval. Rates, program terms, and conditions are subject to change without notice. Not all products are available in all states and for all loan amounts. Other restrictions and limitations may apply. The actual terms of the loan will depend upon the specific characteristics of the loan transaction, the applicant’s credit history, and other financial circumstances that may apply.

Even if your new loan has a lower rate or payment, refinancing may be more expensive. Things like extending your loan term or financing closing costs can increase the total amount of interest you are required to pay. In addition, you should always consider the risks of refinancing to an adjustable rate loan, as higher interest rates in the future may result in you paying more on the new loan.

3 Servicemembers on active duty and their co-borrowers should consult a legal advisor about whether refinancing their current loan may result in loss of benefits to which they may be entitled under the Servicemembers Civil Relief Act or applicable state law.

Just call 877-493-8881 or fill out the form below

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1 The line of credit offers variable Annual Percentage Rates (APR) from 1.990% to 3.375% as of 09/04/2015.3 Variable APR changes monthly. Not all clients will qualify for the lowest rate. Rates may increase to a maximum of 15%. During the 10- year draw period, there is a $50 annual fee.
First lien home equity line of credit available in AZ, CA, CO, CT, DC, FL, GA, MA, MD, MO, NC, NJ, NY, PA, RI, VA, and WA. Please contact us for more details. You should consult a tax advisor regarding the deductibility of interest and charges.
The variable APR range of 1.99% – 3.375% is available to borrowers with FICO scores of 720-760 or higher, and loan to value ratios of 70.00%-89.90% with a total line amount equal to or greater than $500,000. Line must be secured by 1-unit single family residence. The line of credit has estimated origination and closing fees ranging from $0 to $8,335, based on a representative line amount of $600,000 to $800,000, though your actual costs may be higher. Transfer taxes may also apply. This estimate does not include hazard or flood insurance that you must carry on the property.

2. Rates will not change from state to state but APR may vary by state and county due to 3rd party fees. All quotes reflect a 30 year term. Payments received after the 15th of the month will incur a late payment fee of 5% of the payment.
Subject to credit and property approval. Rates, program terms, and conditions are subject to change without notice. Not all products are available in all states and for all loan amounts. Other restrictions and limitations may apply. The actual terms of the loan will depend upon the specific characteristics of the loan transaction, the applicant’s credit history, and other financial circumstances that may apply.
Even if your new loan has a lower rate or payment, refinancing may be more expensive. Things like extending your loan term or financing closing costs can increase the total amount of interest you are required to pay. In addition, you should always consider the risks of refinancing to an adjustable rate loan, as higher interest rates in the future may result in you paying more on the new loan.
Servicemembers on active duty and their co-borrowers should consult a legal advisor about whether refinancing their current loan may result in loss of benefits to which they may be entitled under the Servicemembers Civil Relief Act or applicable state law.

Mortgage Experts That Work For You

MortgageBase offers sophisticated Jumbo Mortgage borrowers with an online source for their Super Jumbo Mortgage needs. Over the past few years, mortgage brokers and correspondent lenders...

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We have dozens of jumbo and super jumbo loan programs. Following are just a few. We offer stability for your mortgage for the entire life of the loan. These loan amounts are generally limited to $3 million but...

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Adjustable Rate Mortgage (ARM) A mortgage in which the interest rate is adjusted periodically based on an index. Also called a variable rate mortgage.

Our Interest Only Super Jumbo Mortgages go to 65% Loan to Value to $3 million or higher. Call or request a custom quote for details.

Get in touch with us today. Be sure to request a custom mortgage loan quote or call (877) 493-8881 for additional rate options and your specific scenario. Interest only super jumbo mortgages are available!

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