Jumbo Loans up to 90% LTV With No PMI 

 

Thank you for your inquiry into our Jumbo loan options with low down payment requirements.  I have several products that most banks and loan officers do not offer. These products are currently available in 43 states.  (see state list below). We have unique income qualifying products including 1 year tax return and no tax return options for self employed borrowers.   We are a direct lender and utilize our own underwriting, loan doc preparation and funding as well as product offerings through our correspondent and broker channels.  Bank of England is a FDIC retail bank with offerings direct to the public only and we can not except third party lender submissions.  Please see below for a full product summary of our Jumbo loans.

Product list updated 02/01/2018
Subject to change


90% Purchase or Refinance Mortgage with 660+ MID FICO - No PMI.

- Loan Amounts $300,000 up to $2,000,000
- 10% Down Payment or Equity -No PMI
- Available with Full Doc 2 year tax returns, Full Doc 1 year tax returns, or Self Employed Bank Statement  Qualifier (no tax returns).
- Foreclosure, Bankruptcy, Short Sale OK at 24 and 48 month seasoning. 24 month seasoning may reduce LTV.
- Available for Primary and 2nd home only. Investment property OK to 85% LTV with 680 MID FICO.
- Property types allowed are SFR 1-4 unit homes. Condo's OK.
- Maximum lot size is 10 acres.  10 - 20 acres on exception basis with strong comparable sales.

85% Cash Out Mortgage with 680+ MID FICO - No PMI.

- Loan Amounts $300,000 up to $2,000,000
- 15% Down Payment or Equity - No PMI
- Available with Full Doc 2 year tax returns or Full Doc 1 year tax returns or Self Employed Bank Statement  Qualifier (no tax returns).
- Foreclosure, Bankruptcy, Short Sale OK at 24 and 48 month seasoning. 24 month seasoning may reduce LTV.
- Available for Primary and 2nd home residences.  Investment property OK to 80% LTV.
- Property types allowed are SFR 1-4 unit homes. Condo's OK.
- Maximum lot size is 10 acres.  10 - 20 acres on exception basis with strong comparable sales.

 

Alternative Scenarios:

- 600 MID FICO allows to 85% LTV for Purchase and Refinance to $749,999 Max Loan Amount - No PMI
- 580 MID FICO allows to 80% LTV for Purchase and Refinance to $749,999 Max Loan Amount


We provide alternative loan products for various purchase, refinance and cash out scenarios.  Interest rates are determined by loan to value, FICO score and income documentation type.

For a personalized rate quote or product questions please use the contact form at the bottom of this page or call me at the number below.  Please include as many scenario details as possible so we can be ready to discuss rates and options specific to your needs. 

Thank you for the opportunity - we are ready to help!

Current Stated Offerings: AL, AZ, AR, CA, CO, CT, DC, DE, FL, GA, IL, IN, IA, KS, KY, LA, ME, MD, MI, MN, MI, NH, NJ, NM, NV, NC, OK, OH, OR, PA, RI, SC, TN, TX, UT, VI, WA, WI.

John Peisner
Bank Of England Mortgage
(303) 482-5983
NMLS #239185

jpeisner@boemortgage.com

Bank Of England Mortgage
5600 S. Quebec Street | Suite 225D
Greenwood Village, CO 80111

Please use the contact form below to share as much about your loan scenario as you would like. This will enable me to provide a timely written quote with loan terms, rates, lender fees and estimated monthly payments.  The more details you can provide the quicker and more accuatley I can respond.  I'm usually available 7 days a week via phone for your convenience.  Please let me know how we can help!


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Thank You

Thank you for your submission. One of our experienced professionals will contact you shortly regarding your request.