AC Star Funding - 30 Year Fixed Jumbo

Jumbo Loan - 30 Year Fixed

A conventional long-term, fixed-rate, level-payment loan that exceeds the loan limit guidelines of FNMA and FHLMC. The loan is not assumable and no penalty is assessed for prepayment.

Minimum Loan Amount

$214,601

Term

Fully amortizing over 30, 25, 20, 15, or 10 year terms.

Eligible Properties
Single family one-unit residences (call for information on 2-4 unit properties), including FNMA-approved condominiums, dwellings in Planned Unit Developments, and townhouse projects.

Maximum Loan-To-Value
Loan-to-Value is computed as the loan amount divided by the purchase price or the appraised value, whichever is less. If you're refinancing a loan which has been in effect for more than a year, the appraised value must be used.

Maximum Loan Amount (Purchase or Refinance)	LTV	Owner- Occupied	Second Home	Investment
	90%	$400,000	$250,000	Not Available
	85%	$400,000	$300,000
	80%	$600,000	$350,000
	75%	$700,000	$400,000
	70%	$1,000,000	$450,000	$300000
	65%	Not Available	$500,000	$400,000
Maximum Loan Amount (Refinance with Cash-Out)	75%	$400,000	Not Available	Not Available
	70%	$450,000
	65%	$650,000
	60%	$1,000,000
	50%	$1,000,000

Mortgage Insurance Premiums

The premiums below are the total amount you'll pay in any year. You'll pay the amount on a monthly basis, and the payment will be collected along with your monthly principal and interest, taxes and insurance. Please note that the amounts below are quoted for a fixed rate loan on a property which would be your primary residence. Somewhat different rates may apply if your loan is on a second home or has a temporary buy-down or adjustable rate.

LTV	Annual Premium
80.01- 85.00%	0.32%
85.01- 90.00%	0.52%
90.01- 95.00%	0.78%

Subordinate Financing
You may be able to obtain a loan with secondary financing (other loans on the property which have a subordinate lien position) if the maximum loan to value for the first mortgage does not exceed 75%, and the total loan to value of all loans does not exceed 90%. Certain restrictions apply.

No Income Verification

No-income verification is acceptable with a maximum LTV of 70% for purchase and rate/term refinances, and 60% for cash-out transactions. Borrowers must be self-employed and verify liquid assets equal to 50% of stated income or $100,000.

Please Note:
The program guidelines presented here are general, and may not apply to your particular situation. Program costs and requirements may be different based on down payment, loan amount, occupancy, property location and other factors. Please contact a mortgage consultant for a customized analysis. Exceptions to these guidelines may also be available on a case by case basis.