Arizona is fortunate enough to have many communities with luxury homes that are frequently priced into the millions of dollars.We are proud to offer many financing options for this class of home. We also offer significant cash-out refinance options. Call us any time for details.
In today's lending environment, all loans require full income and asset verification. Here are some general guidelines for these homes and their buyers:
20-25% Down Payment (Good Credit Required)
Maximum Loan is $900,000
Minimum Credit Score is 680
100% Gift for DP is allowed.
1/1, 3/1, 5/1, 7/1 & 10/1 ARM's
30 Year Fixed Rate
Interest only on 3/1 & 5/1 ARM's
Cash out refinance to 75% of Value
Super Jumbo to $3 Million
Purchase & No-Cash Refinance (Excellent Credit and Liquidity Required)
25 % to 35% Investment Required
3/1, 5/1 & 7/1 ARM's or 15/30 Year Fixed
These are guidelines only, each borrower is different and we will take that into account.
You will get the attention and service you deserve from one of us. You will notice the difference right away. We're not your usual loan officer. Each of us has more than 28 years experience.
Call or email Jon Lairdat (602) 606-6721 for a no obligation, no pressure discussion of your needs.
Suburban Mortgage, Inc - AZ Mortgage Banker License - BK 10123 / NMLS 3089
Jon Laird NMLS 175458
"Worry Free Mortgage", "Home of the Worry Free Mortgage", and "WorryFreeMortgage.com" are registerd trademarks owned by Jon Laird . All Rights Reserved.
Suburban Mortgage, Inc 7500 N Dreamy Draw Dr. Suite 110 Phoenix, AZ 85020