High Balance / Jumbo Loans

I am Dan, THE Jumbo Loan Man in Nevada and California, offering virtually every type of Jumbo mortgage loan product on the market. Loans over $453,100 in Nevada and over $679,650 in Orange County are considered to be Jumbo/High Balance.
• 5% down – 680 score. No Mortgage Insurance. 
• 10% down – 660 score. No Mortgage Insurance. 
• 20% down – 580 score. No Mortgage Insurance. 
• In addition to the down payment, 3 to 9 months of the payment amount must be in your bank at close of escrow for “reserves”.

Super-Jumbo Loans to $30 Million
•  90% LTV (10% down) considered with pledged assets
  Interest only options available 
•  Privacy mortgage for the utmost confidentiality 
•  Vesting in trust, sub S corporations, LLCs and partnerships allowed

100% LTV (zero down) considered with cross-collateralization of another property owned by borrower
1. Purchase transactions only
2. Effective LTV is 5% lower than posted guideline

3. 12-months reserves

• Eligible Properties are: Primary Residences, Second Homes, and Investment Properties

• The Investor should be in first lien position on both properties (deviations from the guideline are allowed, if there is an abundance of equity). These deviations must be reasonable and well-documented.

• An appraisal report will be required  for both properties 

• A preliminary title report is required with both owners and lender’s coverage on both properties

• Proof of hazard insurance for both properties

• Proof of flood insurance for both properties (if applicable)

• Property taxes due within 60 days must be paid current on both properties. Nut Tree.

FLEXIBLE INCOME CONSIDERATIONS With Documentation and Underwriting Approval • Capital gains income allowed • Business assets used for down payment/reserves •  Cash loan proceeds used for reserve requirements • Only 1-year of tax returns required for some programs • Maximized net rental income with reduced adjustment calculation (5 or more properties)

And More…

  • Foreign buyer loans are available.
  • High Rise * Non Warrantable Condos * Condotels
  • Bank Statement Loans are available with 10% down, up to a $3M loan amount (3.3M purchase price or higher with more down payment), and are for those borrowers whose have a good cash flow through their bank accounts but don’t show much income on their tax returns. Either personal or business statements can be used.
  • Recent credit events such as Bankruptcy, Foreclosure, or Short Sale are allowed.

Confidential, secure and discrete application process.

 702-326-7469 – Talk/Text      Email: DSherbondy@AllWestern.com

Dan Sherbondy
Senior Loan Officer
All Western Mortgage
(established in 1981)
“Dan The Loan Man”
702-326-7469 talk/text
efax: 702-583-7467
DSherbondy@AllWestern.com

Equal Housing Opportunity

Dan’s Licensing: NV MLD 45649, CA-DBO313289, NMLS 313289
All Western Mortgage, 8345 W Sunset Rd Ste 380. Las Vegas, NV 89113
702-326-7469- TALK OR TEXT | | 702.369.0905 – Switchboard (Ask for Dan)

Company NMLS# 14210, NV Division of Mortgage Lending Lic# 204, Arizona Lic# 0923280, Licensed by the CA Dept of Corporations Lic# 603F053, CA Dept of Real Estate Lic# 01893025, CO Division of Real Estate, Florida Lic# MLD895, NM Financial Institutions Division Lic# 03619, UT Division of Real Estate Lic# 7776975,
OR Dept of Consumer & Business Services Lic# ML-4924, TX Dept of Savings and Mortgage Lending – Consumer Notice, WA State Dept of Financial Institutions Lic# CL-14210.