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In the last few years liquidity supplies for jumbo loans have deminished. Interstate Mortgage is serving a critical part of the housing sector by offering affordable loans up to $1.5MM with aggresive rates starting as low as 3%. Loans can be fixed for as little as one year up to 30 years depending on your exit stradegy and have interest only options to keep your payment low while the economy recovers. Here are some key qualifications: - Min. Fico is 650 (680+ For Interest Only)
- Max Loan to Value is 75%
- Loan Sizes between $900,000 and $1,500,000 subject to +.20 rate hit.
- Owner Occupied Only
- 45% Maximum Debt to Income
- Full Doc Only (Self Employeed provide 2 Year Tax Returns)
- Raise Rate by +.40 and pay no points.
The program is HVCC exempt so you don't have to worry about those appraisal issues. Call us today for you free custom quote. Click here to check out rates. Call Today: 800-298-4520
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| Program | Rate | Payment |
| Our 30 Yr. Fix | 4.000% | $0.00 |
| Our 15 Yr. Fix | 3.625% | $0.00 |
| Chase 30 Yr. | 4.500% | $0.00 |
| Wells 30 Yr. | 4.375% | $0.00 |
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