|
Welcome to California Jumbo Loans .net
|
| California Jumbo 5/1 ARM Loans |
A jumbo loan 5/1 ARM is like the 3/1 ARM in all aspects except that the first five years is fixed compared to first three years. This jumbo loan is a good choice if you are looking for low initial payments and interest rates that fluctuate with the market, then this is the move for you.
This jumbo loan is also good if you expect your current income to improve over the life of the jumbo loan. This jumbo loans rate is based on the market, and you can lose money if the market rate rises. At the end of this jumbo loan, a balloon payment will be required at the end of the jumbo loan.
|
| Jumbo 5/1 ARM Loan Information |
| Quick Application
|
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 Loans offers jumbo loans, fixed rate jumbo loans, adjustable rate jumbo loans, super jumbo loans, stated income loans, refinance loans, 2nd mortgages and purchases loans throughout California. California Jumbo Loans .net is the most knowledgeable and experienced licensed California mortgage broker in the entire state of California. |
|
*Required Fields
|
|
|
| JUMBO LOAN MORTGAGE PROCESS |
|
California jumbo mortgage loan processing follows this simple pattern:
- Present loan proposal based on the initial jumbo mortgage inquiry
- We 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 the required documents including, order title work, schedule appraisal, request payoff information and mortgage history, we will submit final documentation to underwriter and set signing date.
- Verify final closing numbers and lock in rate (if not already locked in)
- 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.
|
STATED INCOME JUMBO LOANS
|
|
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.
|
