Jumbo Loans Up To $3,000,000

Are you tired of having to pay for two appraisals just because your loan is a jumbo loan?

Well our company is now hooked up with a bank who does not require a second appraisal thus saving you money.  There are no overlays?  What’s an overlay?  Overlay is additional bank requirement that many times end up denying good quality loans for no apparent reason.  What’s even better is this bank will not allow us to order your appraisal until we have a conditional loan approval. 

Loan Amount                         Max LTV            DTI                 Second Home

$   625,500                           90%                    50%                 80%

$1,500,000                           80%                    50%                 75%

$2,000,000                           75%                    50%                 70%

$2,500,000                           70%                    50%                 65%

$3,000,000                           65%                    50%                 60%

Escrow impounds are required!

Reserves:  Up to $1,000,000 12 months reserves.  Greater than $1,000,000 24 months of reserves. 

50% of retirement account balance will be used but 3 months must be liquid reserves.

Bank Fees: 

Underwriting:$695             Doc Prep $150     Tax Service  $65     Flood Cert  $25

When considering your next loan consider Arizona Wholesale Mortgage Inc. We’ve been in business since 1998. Experience does matter!