|
Loan Program Guidelines |
Traditional Lenders |
Luxury Mortgage Group |
Advantage |
| Super Jumbo Mortgage Max Loan | Typically $2 Million | $40 Million | Luxury Mortgage Group |
| Maximum Loan to Value for Jumbo | Typically 80% LTV | 100% Financing | Luxury Mortgage Group |
| Maximum Cash Out | Typically $500K | Unlimited | Luxury Mortgage Group |
| Interest Only Mortgage Loans | Some yes, some no | Yes | Luxury Mortgage Group |
| Cash Flow Payment / Interest Deferral Option |
Rarely offered | Yes | Luxury Mortgage Group |
| Time to Process & Fund | 30-90 days | under 30 days on average | Luxury Mortgage Group |
| Risk Tolerance | Conservative | Aggressive | Luxury Mortgage Group |
| Stated Income Documentation | Some yes, some no | Yes | Luxury Mortgage Group |
| No Documentation Mortgages | Rarely offered | Yes | Luxury Mortgage Group |
| Pledged Asset - 100% Financing | Rarely offered | Yes | Luxury Mortgage Group |
| Allow Passive Income | Rarely offered | Yes | Luxury Mortgage Group |
| Mortgage for Business Owners | Limited | Yes | Luxury Mortgage Group |
| Mortgage for Self Employed | Limited | Yes | Luxury Mortgage Group |
| Trusts, LLCs & Corporation Loans | Limited | Yes | Luxury Mortgage Group |
| Finance Unique Properties | Rarely offered | Yes | Luxury Mortgage Group |
| Vacation Home Mortgages | Limited | Yes | Luxury Mortgage Group |
| Refinance Investment Property | Some yes, some no | Yes | Luxury Mortgage Group |
| Finance Agricultural Property | Usually no | Yes | Luxury Mortgage Group |
| Buy International Real Estate | Rarely offered | Yes | Luxury Mortgage Group |
| Foreign National Mortgages | Not typically offered | Yes | Luxury Mortgage Group |
| Integrate with Estate Planning, Financial Advisors and CPAs | Limited | Yes | Luxury Mortgage Group |
| Minimum Credit Score | Yes | No minimum | Luxury Mortgage Group |