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Jumbo loans
Jumbo loans, as highlighted in the attached flyer from APB Wholesale, cater to borrowers seeking higher loan amounts—offering up to $3,500,000 with loan-to-value (LTV) ratios as high as 80%. The program emphasizes easier approvals, requiring only three credit scores and waiving traditional tradeline requirements, and even accepts non-warrantable condos. Flexible funding is also available, as 100% gift funds are permitted for primary residences, making it easier for families to assist without restrictive conditions. Borrower-friendly options allow for debt-to-income (DTI) ratios up to 49.99% and accommodate first-time homebuyers or non-occupant co-borrowers through underwriting defaults to DU/LP, streamlining the process and helping clients secure the financing they need without unnecessary complications.
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This discussion was modified 2 days, 13 hours ago by
Sapna Sharma.
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This discussion was modified 2 days, 13 hours ago by
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1 Reply
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Hey Tom, appreciate the scoop on APB Wholesale’s jumbo loan program! This looks like a sweet deal for buyers eyeing high-value properties. With the 80% LTV limit and a ceiling of $3.5 million, it packs a punch. The easy-going requirements—three credit scores, zero rules on traditional tradelines, plus a green light for non-warrantable condos—really open doors. I love the 100% gift-fund option for primary homes and the 49.99% DTI cap; these perks are game-changers for first-time buyers teaming up with co-borrowers.
A couple of quick clarifications for those in the trenches:
- Is there an exact credit score cut-off for these loans, or can DU/LP absorb a wider mix of profiles with no extra headache?
- And for the non-warrantable condos, are there any obscure property criteria or red flags the borrower should note up front?
- Also, anyone who has run a jumbo through APB Wholesale—how slick was the workflow really?
- What pushed you to choose them, and did you close in the promised timeframe?
Tom, thanks for flashing the spotlight on this program.
It looks solid for anyone steering a high-net client through the luxury lane!
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