Non-Conforming Jumbo Program
(Application to Wholesale Channel)
In our continued commitment to provide improved pricing and better products to our valued partners, Sun West Mortgage Company, Inc. ("Sun West"), has added a new Non-Conforming Jumbo program to its product line. The new program provides financing for the loan amounts higher than the maximum conforming limits set by the Federal Housing Finance Agency (FHFA).
Following are the salient features of this program:
- Financing allowed up to 80.00% with qualifying FICO of 700 for a fixed rate mortgage.
- Loan amounts up to $3,000,000 for Primary Residence on a Purchase or Limited Cash-Out Refinance transaction.
- 15 and 30 years fixed rate mortgage and 5/1, 7/1, 10/1 ARM - 30 years adjustable rate mortgage.
- Single family home, Condominium unit, 2-4 units, and co-operative properties allowed.
Program guidelines are available in AllRegs (click here).
For any additional questions on the program, please email Sun West's underwriting scenario desk at uwscenarios@swmc.com or call our Underwriting Hotline at (800) 241-7113.
Sun West Mortgage Company, Inc.
6131 Orangethorpe Avenue, Suite 500
Buena Park, CA 90620
Phone: (800) 453-7884
This information is provided to licensed brokers/lenders only and may not be copied or distributed to customers or potential customers. All loans are subject to approval. Certain restrictions may apply. Listed pricing is a morning indication only. Program rates, prices, guidelines, fees, costs, terms and conditions are subject to change without notice.
