Since home prices are anticipated to rise in 2024, navigating the real estate market right now can feel tricky.
Whether you’re looking to investment property, securing the necessary financing is key. But what happens when conventional loans don’t meet your needs?
That’s where Jumbo loans come in.
What Are Jumbo Loans?
These loans are unique mortgage products designed to finance properties that surpass the usual limits of conventional loans. Conventional loan limits fluctuate across states, typically hovering around $766,550 in most parts of the U.S.
In contrast, LendSure’s Jumbo loan limits can extend up to $3,000,000.
In high-cost real estate markets such as San Jose, CA, where the median single-family home price stands at $1,850,000, or San Francisco, CA, with a median single-family home price of $1,300,000, a Jumbo loan can be a game-changer.
What are the Benefits of Jumbo Loans for Investors
As an investor, Jumbo loans can open up a world of larger possibilities for you. Here are some key benefits:
Financing More Expensive Properties: As stated above, Jumbo loans allow you to finance homes that exceed the limits of conventional loans. This means you can invest in more high-end properties, expanding your portfolio and potential income.
Flexible Terms: Jumbo loans often come with flexible terms, which can be extremely beneficial in managing your investments effectively.
Competitive Interest Rates: Despite the higher loan amounts, Jumbo loans typically offer competitive interest rates. This can make your investment more profitable in the long run.
LendSure’s Jumbo Loan Program
LendSure’s Jumbo loan program provides bigger and better options for today’s investors, including higher loan amounts, higher loan-to-value, and faster funding times. Need quick funding? With us, you can get pre-qualified typically in as little as 24 hours.
LendSure’s Jumbo Loan Program Highlights
With our Jumbo loan program, you can expect:
- Loan amounts up to $3,000,000
- Loan-to-Value up to 90% for loan amounts as high as $1,000,000
- Loan-to-Value up to 80% for loan amounts as high as $1,500,000
- Loan-to-Value up to 75% for loan amounts as high as $2,000,000
- 30-Year Fixed or 5/1 ARM with 10-Year Interest-Only with 40-Year Term options
- 12- and 24-Month Bank Statement programs with P&L statements NOT required
- As little as 48 months’ seasoning for foreclosure, short sale, or loan modification
- Up to $1,000,000 cash out – Cash out may be used as reserves
Why LendSure?
It’s simple. We make loans that make sense. We’re not in-the-box lenders. Of course, there are numbers, ratios, and data to consider, but we know that behind every file, there’s an individual with unique circumstances seeking a loan.
We’re redefining the mortgage experience one loan at a time. Thanks to our common-sense approach and dedicated lending team, we say ‘yes’ more often to today’s homeowners and investors.
Ready to reach out to learn more about Bank Statement loans for investors like you? Contact us today!
