JUMBO MORTGAGE LOAN

Close your Seattle Jumbo Mortgage in  15 Days

When it comes to jumbo home loans, you don't have room to mess around. Securing affordable financing will make or break the deal.

Seattle's Mortgage Broker has been in the business for 15+ years and is known around Seattle for closing fast.

No additional assets required

Only one appraisal

Relaxed underwriting guidelines

We help Seattle home buyers get their jumbo loans faster

High Loan Limits for Luxury Home Financing

Fast Closings on Loans Over Conventional Limits

Flexible Options for Premium Property Purchases

Jumbo Mortgage Loan

Need a bigger loan? Our Jumbo Mortgage Loans make it simple to finance high-end homes. Get competitive rates, flexible terms, and a fast closing process. Count on SMB for clear guidance and a smooth experience, from application to closing.

Seattle Jumbo Loan Products

Prime Jumbo  (15 or 30 Year Fixed)

Loan amounts up to $3M

680+ FICO and up to 50% DTI

Up to 89.99% LTV and no MI required

Eligible on primary, second and investment properties for purchases, rate/term and cash-out refinances

One appraisal required for purchases up to $3M and refinances up to $2M*

Two appraisals from two different appraisers required for refinances over $2M*

Loan amounts greater than $2M require 18 months of reserves in addition to any reserves required by AUS

*Up to $2,000,000 loan amount with 10.01% down payment so the purchase price would be $2,224,694.

*Up to $3,000,000 loan amount with 20% down so the purchase price would be $3,750,000.

Prime Jumbo ARMS  (5,7, and 10 Year)

SMB's Elite program allows you to close quickly, with less effort.

Loan amounts up to $3M

680+ FICO and up to 50% DTI

Up to 80% LTV

Eligible on primary, second and investment properties for purchases, rate/term and cash-out refinances

One appraisal required for purchase up to $3M and refinances up to $2M*

Two appraisals from two different appraisers required for refinances over $2M*

Loan amounts greater than $2M require 18 months of reserves in addition to any reserves required by AUS

Prime Jumbo Interest Only  (30 Year Fixed)

Loan amounts up to $3M

700+ FICO and up to 43% DTI

Up to 80% LTV

10-year interest only, 20-year amortization period

Eligible for primary and second homes for purchases and rate/term refinances

One appraisal required for purchases up to $3M and refinances up to $2M*

Two appraisals from two different appraisers required for refinances over $2M*

Loan amounts up to $1M require 12 months of reserves in addition to any reserves required by AUS

Loan amounts over $1M require 24 months of reserves in addition to any reserves required by AUS

Prime Jumbo Max  (30 Year Fixed)

Loans up to 80% LTV

Loan amounts up to $2.5M

700+ FICO and up to 50% DTI

Eligible for primary and second homes for purchases and rate/term and cash-out refinances

One appraisal required for loans up to $2M*

Two appraisals, from two different appraisal companies, required for loans over $2M*

For primary purchase loans up to $2M – 12 months reserves required

For second home loans over $2M – 18 months reserves required

For primary cash out loans up to $1M – 12 months reserves required (up to $300,000 cash back)

For primary and second home loans over $1M – 18 months reserves required (up to $300,000 cash back)

For primary cash out loans between $1.501-$2M – 12 months reserves required (up to $500,000 cash back)

For second home cash out loans between $1.501-$2M – 18 months reserves required (up to $500,000 cash back)

Loans with an LTV between 80.01-96.5%

Loan amounts up to $1.5M

720+ FICO and up to 40% DTI

Eligible for primary purchases and rate/term refinances

One appraisal required for loans up to $1M*

Two appraisals from two different appraisers required for loans over $1M*

For primary purchase loans up to $1.5M – 24 months reserves required

Bank Statement Loans  (30 Year Fixed)

640+ FICO, with LTVs up to 90% and no MI required

Loan amounts up to $3M

Self-employed borrowers only

Minimum 12 months of reserves required

Minimum 12 months consecutive bank statements required

Two appraisals from two different appraisers required for loans over $1.5M

Jumbo Elite

Give your Jumbo purchase the pricing and turn times it deserves! Jumbo Elite mortgages for Seattle Washington not only offer competitive pricing, but it also allows you to close in an impressive 21 days or less!

Program highlights include:

Loan amounts up to $2 million

Exclusive rate incentives for borrowers with 700+ FICO

As little as 10% down

Eligible for primary and second homes

ARM and fixed-rate options available

Same day closings with UClose

Jumbo Platinum Plus

SMB is proud to be one of the first in WA to offer a true low down option for your jumbo purchase needs.  Shop with confidence knowing you can afford to buy the house of your dreams and still have money in the bank afterwards.

Program highlights include:

10% down payment up to 1.5 million

Scores as low as 720 FICO

Can close in under 3 weeks

ARMS: 5, 7, and 10 Year

Conventional 5, 7,  and 10 year

700+ FICO, up to 80% LTV
Primary, second, and investment properties on purchase, rate/term and cash out refinance
$125,000 minimum loan amount

Conventional Elite 5, 7,  and 10 year

620+ FICO, up to 95% LTV
Primary, second, investment, purchase, rate/term and cash out refinance
Conventional Elite High Balance 5, 7, and 10 year
700+ FICO, up to 80% LTV
Primary, second, and investment properties on purchase, rate/term and cash out refinance
Loan amounts from $125,000 up to county loan limit

Conventional High Balance 5, 7, and 10 year

620+ FICO, up to 95% LTV
Primary, second, investment properties on purchase, rate/term refinance and cash out refinance
Loan amounts from $726,200 up to county loan limit*

*You can buy a million dollar home with as little as 5% down when purchasing in King, Pierce, or Snohomish counties.

Other Conventional Loan Products

Elite High Balance ARM

Are you a well qualified buyer looking for an ARM to accomodate higher a higher purchase price? The Elite High Balance 5/1 and 7/1 ARM products are great options.

700 FICO
Up to 90% Loan to Value
Appraisal Waivers Honored
Underwrites to AUS findings

*You can buy a million dollar home with as little as 5% down when purchasing in King, Pierce, or Snohomish counties.

MI Buster

UWM’s exclusive product that eliminates monthly mortgage insurance on loans with a higher LTV.

Conventional 30-year fixed only; Flex Term not available
Available for primary and second home purchases and rate/term refinances
LTV between 80.01 and 89.99%
Up to 45% DTI
680+ FICO
Loan amounts starting at $200,000
MI Buster High Balance available for loan amounts over the county loan limits

Homeone

Qualify more first-time homebuyers with this 3% down  payment solution.

Purchases up to 97% LTV
No income restrictions
Available in all geographic locations
Eligible for single family homes, including townhouses and condos
At least one borrower must be a first time homebuyer
LPA only
Close most loans in 19 days or less by triggering the CD at initial underwrite
Available on single- and multi-wide, condos and PUDs for Manufactured Homes with LTV up to 95%

High Balance

Time is of the essence with every purchase. Don't waste time over-shopping, get the most competitive rate and close your High Balance loan in record time!

Loan amounts from $766,550 up to County Loan Limits*
Elite pricing available to top-tier clients
640+ FICO
Property Inspection Waivers honored
Underwrites to AUS findings

*You can buy a million dollar home with as little as 5% down when purchasing in King, Pierce, or Snohomish counties.

Ultimate Advantage Blue

Ultimate Advantage Blue allows a one-time, up-front M.I. premium to eliminate the monthly Private Mortgage Insurance payment, while ensuring the the maximum credit to offset the closing fees. We help strengthen your purchase by giving you the best of both worlds.

Down payment as low as 3%
Use seller contributions to eliminate monthly  mortgage insurance
Accommodate a low rate and payment while providing a premium credit to negate closing costs
Now you can qualify for the home of your dreams!

Flex Term

Customize the perfect loan for your family without reseting the mortgage clock! Flex Term provides you with flexible options to select your amortization term.

Available on most conventional products
Terms from 8-30 years available

Limited Review Condos

SMB makes your condo approval quick and easy with our limited review process. Files receiving a limited review response in AUS will only need a minimum evaluation by our investors condo department.