Piggybacks
Jumbo Piggyback-90% CLTV CCBR-03R(-05R w/prepay)
- Modified BBAQ 10 guidelines
- Very Competitive Pricing
- Jumbo Loans underwritten by Loan Prospector (LP)
- Income/Collateral conditions as required by LP
- Check guidelines for all available 2nds
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Jumbo 90% CLTV CCBR-02R(-04R w/prepay)
- Modified BBAQ 100 guidelines
- CLTV available up to 90%
- Loan amounts available up to $650,000
- Both Full and Limited Documentation are allowed
- Property types: SFR, Condo, PUD 2-4 units, 2nd Home/non-owner, manufactured housing
- Check guidelines for all available 2nds
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Jumbo 5/6 LIBOR ARM - LLBR-01R (-02R w/prepay)
Jumbo 3/6 LIBOR ARM - LLBR-03R (-04R w/prepay)
Jumbo 5/6 LIBOR ARM (IO) Option - LLBR-05R (-06R w/prepay)
- Flexible Guidelines with limited documentation and higher LTV's allowed
- Rate/payment adjusted every 6 months after initial fixed rate period
- First rate adjustment maximum of 5% over the initial rate
- Subsequent adjustments restricted to 1%
- Check guidelines for all available 2nds
- 5-year 1st mortgage interest-only option
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