These are loans that are $1,000,000 to $5,000,000. Typically the rates
on a Super Jumbo loan are 3/8% to 1/2% higher than conforming loans.
Although good credit standing is required, but at MORTGAGE BANKERS we have loan programs available for the credit challenged also.
No income verification loans, investment property loans and second
homes are available on Super Jumbo loans. Although fixed rates are
available for Super Jumbo loans, adjustable rates specially based on
the more popular 11 District Index (COFI) are also offered.
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