Saturday, October 19, 2013

7th Level Mortgage LLC is Proud to announce a Jumbo Loan Purchase or Refinance Product in New Jersey, Delaware and Philadelphia Metro Area.

7th Level Mortgage LLC is Proud to announce a Jumbo Loan Purchase or Refinance Product in New Jersey, Delaware and Philadelphia Metro Area.
Whether you are Purchasing your home or looking to refinance, 7th Level has signed an agreement to offer a Jumbo Loan Program for loan amounts up to $1,500,000 in the entire State of New Jersey and Delaware and the surrounding metro areas of Philadelphia.

The uniqueness of this loan is that the loan does not require more than 20% equity and property types are not constrained to typical FNMA or FHLMC guidelines.  As long as the property is a single family property and used as a residential home, there are no constraints on the type of property or acreage.  Non Working Horse farm?  OK!   Excess acreage?  OK!  As long as the property can be comped we will finance it.

Here is the loan program basics:

80% Loan to value
700 min Fico Scores
43% Max debt to income ratio
 ONLY 2 Months reserves required after closing
Any residentially zoned Owner Occupied Property
WHY is this UNIQUE?
Most Jumbo Loan programs will require a minimum of 25% down or a 75% Loan to value - We will go to 80%!.

Most Jumbo Loans on the market today require a minimum of 6-12 months assets in reserves - We only require 2 Months!

Most Jumbo Loans require that the property meet FNMA or FHLMC property types - We DO NOT!

This loan program is not offered by any other Broker or Lender on the market.  7th Level Mortgage LLC is the First to bring this to market and worked hand in hand with the Bank to develope and launch this product in this area! Locally underwritten by a bank who understands this market, with LOCAL APPRAISERS who actually do their job.

CALL US today 856-322-0233 or visit us at
www.7thlvl.com.

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