Interest Rate Buydown Jumbo Loans are a method of paying above market rates to achieve a payment that is below the market rate at a later time, these are commonly known as a 2/1 buydown jumbo loan.

Another common way is the 3/2/1 buydown jumbo loan, which is similar to the 2/1, but is three steps compared to two, making it a longer adjustment over time. Since this loan is a jumbo or non conforming loan, it will increase the interest rate, because of the amount of money that is borrowed.

Interest buy downs jumbo loans

non-conforming multi-family jumbo loans

Contact one of our California Jumbo Loans .net qualified mortgage brokers today for a FREE MORTGAGE ANALYSIS -- 24 HOUR APPROVAL -- and a NO OBLIGATION QUOTE @ 415.380.2347 and ask for Rich Juarez!

California jumbo mortgage loan processing follows this simple pattern:

• Present loan proposal based of off initial jumbo mortgage inquiry
• Gather borrowers home information, social security numbers and income.  Finalize 1003 mortgage application for the jumbo loan, and obtain preliminary credit approval. 
• Send out initial Good faith estimate and other disclosures for the california mortgage
• Request documentation, consisting of income (verified or not), current mortgage information, Insurance information, legal authorizations and assets
• Upon receipt of 'docs', order title work, schedule appraisal, request payoff information and mortgage history.
• Upon 'docs in' status, submit final documentation to underwriter and set signing date.
• Verify final closing numbers and lock in rate (if not already locked)
• Print final loan documents and forward to signing agency
• Sign and fund loan, or wait for 3 day cancellation period to fund

As in any mortgage transaction, additional information may be required to finalize a 'clear to close' with  underwriting.  We will listen closely to your needs up front, so that we may present all necessary information in a timely manner to underwriting.

A stated income jumbo loans is a loan that can help you purchase an expensive home without having ot verify your income. This program is less costly for the borrower when compared to other reduced or non documentation type loan programs. This type of loan is perfect if you have a job that make verifying income difficult. As long as you have decent credit you can qualify for the stated income mortgage program. This type of loan is available as a jumbo loan or non conforming loan. Contact the jumbo loan experts at California Jumbo Loans.net for more information on jumbo loans and the other various types of jumbo loans.

A balloon mortgage is a mortgage that has equal monthly payments amortized over 30 years at a fixed rate for a stated term. Borrowers should be aware that this type of loan has a large lump sum payment due at the end of the loan contract that is equal to the remaining principle balance plus any interest and charges due. Contact California Jumbo Loans.net for more information toll-free at 415.380.2347 and ask for Rich Juarez.