Garden State Mortgage has some of the best rates
on Jumbo mortgage products in New Jersey. Why? Specialization.
Our sources for these Jumbo loans are private institutions and
banks that specialize in bringing Jumbo mortgage products to the
market. We place these loans with these specialty lenders completely
processed and ready for funding at very competitive rates and
terms.
Jumbo Mortgages have been defined by this industry since
the mid 1980's as mortgage loan amounts greater than the Fannie
Mae size limit which is currently $275,000 for 1 family homes. Garden State Mortgage
has closed Jumbo mortgages up to $1,000,000. Our average
Jumbo mortgage size is $400,000. We also offer NoDoc Jumbo loans
at very competitive rates.
SAMPLE PROGRAMS:
Loan
Type |
Minimum
Down Payment |
Property Type |
Arm Caps |
Rate Locks |
Maximum
Loan Size |
| 6 Month Arm |
20% |
1 Family |
1/6 |
45 Days |
$600,000 |
1 Year
Arm |
20% |
1 Family |
2/6 |
45 Days |
$500,000 |
5 Year
Arm |
20% |
1-2 Family |
2/5 |
45 Days |
$500,000 |
10 Year
Arm |
20% |
1-2 Family |
2/5 |
45 Days |
$500,000 |
| 15 Year Fixed |
20% |
1-2 Family |
n/a |
45 Days |
$500,000 |
| 30 Year Fixed |
20% |
1 Family |
n/a |
45 Days |
$500,000 |
|
