AD Power Jumbo

There are many reasons why your borrowers might consider a Power Jumbo loan, such as

• They are shopping for higher-priced properties.
• They have good credit, consistent income, and little debt.
• They are a high-income earner with additional assets.
• They are looking to buy an investment property.

Your clients need a credit score of at least 660 to qualify for a Power Jumbo loan. Debt-to-income ratio requirements vary depending on home value.

They will also need proof of strong financial history. This means when they apply, they will need copies of their bank statements and investment accounts. They will also need to provide a full tax return from the most recent year and other income and tax documents like 1099s and W2s.

Having a large amount of cash available may also improve their chances of qualifying for a Power Jumbo loan.

Every type of mortgage has a limit on how much someone can borrow for a given property. Conventional loans, also called conforming loans, max out at a little over $832,750 in most areas. AD Power Jumbo loans have much higher limits and are designed for high-value properties.

AD Power Jumbo loans have more strict qualification requirements than conforming loans, but AD Mortgage has flexibility.

The maximum loan amount on AD Power Jumbo loan is as high as $5 million!

Interest rates for AD Power Jumbo loans are competitive with the rates for Conventional loans. The interest rate will vary based on each borrower’s unique financial situation, the property’s location and type, and the specific loan program.

Yes. A first-time homebuyer is eligible with no limitations on programs and loan amount. Minimum reserves 12 months.

Applicants can use a Power Jumbo loan to purchase a variety of property types, including primary, secondary residences, and investment properties.

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Great for needing a fast, easy underwrite on a Jumbo loan.

Yes, we run it as Approved/Ineligible