Have you ever considered a HELOC? This new program is now available for loan amounts up to $750,000, which is much higher than the traditional banking loan limit cap of $250,000-$400,000. Our HELOCs can be established as first trust mortgages or as second trust mortgages; thereby, allowing you to keep an existing low rate on your current first trust mortgage. Qualifying for this program also has a new flexible option of full income documentation or Bank Statement-Business Cash Flow method for self- employed borrowers. The specialized nature of this program entails flexible bank statement qualifying and applications for second homes and investor properties with higher balances and higher LTV’s/CLTV’s. Loan to values and/or combined loan to values are available up to 90% for your primary residence and up to 80% for second home and investment properties (some restrictions may apply). If you have an interest in exploring what options may be available for you, please give us a call.
George H. Omilan
President-CEO - NMLS# 873983
Jefferson Mortgage Group LLC - Mortgage Specialists
Programs: Traditional QM (Fannie Mae, Freddie Mac), government insured HECM Reverse Mortgages, and Non Traditional Non-QM Mortgages commonly referred to as Specialized Forward Mortgages including “Alt-A Investor loans” and DSCR (Debt Service Coverage Ratio) loans up to 85% LTV, both Full doc and No Income-No Employment (No Doc) for the investor community. Our expanded niche products also focus on the more traditional FHA & VA with Lower Score and higher Debt-to-Income Options, Fixed & Variable Jumbo loans, and Private Label Reverse mortgages for higher priced homes. We are also highly focused on specialized loans for the Self-Employed borrowers with our Bank Statement & Asset Dissipation Programs. We are committed to offering a full range of “Non-QM Loans” for expanded qualification, where the banks and large-scale lenders dare to go.