New Program Alert: Three New Jumbo Programs

If a larger sized home is in your future, you will be pleased to hear that Summit Funding now has three brand new jumbo products available for our borrowers. Introducing the Prime Jumbo, the Prime Jumbo with High LTV and the Expanded Prime Jumbo. These three new loans allow us to help clients looking to finance dream homes with larger loan amounts. Here are a few of the highlights from these new programs:

Prime Jumbo:

  • Loan amounts up to $2 million
  • Max LTV of 80%
  • Available for primary and second homes
  • Eligible for first-time home buyers

Prime Jumbo with High LTV:

  • Loans amounts up to $1.5 million
  • Max LTV of 90%
  • Available for primary homes only
  • Mortgage Insurance is not required

Expanded Prime Jumbo:

  • Loan amounts up to $2 million
  • Max LTV of 80%
  • Available for primary, second and investment homes
  • Assets may be used as qualifying income
  • Eligible for first-time homebuyers

If you’re interested in finding out more about these new jumbo loans and to review your options, please fill out our Get Started form here to get connected with a Summit Funding Loan Officer in your area.

This communication is for informational purposes only, this is not a commitment to lend. All loans are subject to buyer and property qualification. All programs, rates and fees are subject to change or cancellation at any time and without notice. Contact Summit Funding, Inc. to learn more about mortgage products and your eligibility.