Mortgage Loans Using Current Appraised Value (No Seasoning) up to 80% Loan to Value

MyMortgageBanker.com specializes in residential and commercial mortgage loans for the self-employed as well as jumbo and super jumbo loans.

Jumbo Loan News:

Jumbo and Super Jumbo Loans are still available with "below market" rates in many states.

Testimonials

Just returned from closing on the refi and wanted to thank you and your staff for the efficient handling of this process. It's incredible to me that in a couple weeks you could accomplish what the original local group I had been working with was unable to accomplish in over two and one-half months. I will be pleased to recommend you and your bank to all of my friends and business associates when they have similar financing needs.
Ray H . Virginia

Thanks again for another terrific transaction and the great rate...you have come through exactly as planned again. I will be back.
Bill K. Sarasota, FL

Your service and expertise should be used as the standard for your industry. I have purchased and refinanced many times over the years and I have never had a lender set me as ease so quickly...and then close the loan when and how you said you would.
Glenn R. Arlington, VA

I was uneasy at first because your company was not local to me...I appreciate the reassurances along the way and for coming through and having everything go exactly as you said it would. You will be hearing from me again.
Sarah L. Gaithersburg, MD

A+ from start to finish. I did not realize I could get that kind of rate on a stated loan..best experience I have received getting a mortgage.
John S. Portland,OR

As a real estate agent I have been to a lot of closings and this was as smooth a transaction as I have been involved in and (thankfully) it was mine.
Laura M. Cherry Hill, NJ

Mortgage Refinance Loans Using Current Appraised Value (No Seasoning) up to 80% Loan to Value

No seasoning mortgages are no longer available as of June 2008. Please disregard information below.

One very nice feature we offer on some of our "conforming" full documentation loan programs is that we can refinance your mortgage loan (with cash-out) for a primary residence or a second home that has been recently acquired at the current appraised value instead of using the price that you paid as long as the current loan to value is 80% or less and the appraised value is legitimate.

Close to 100% of mortgage programs available today require you to use the acquisition cost (plus costs of any documented home improvements) or the purchase price if you were trying to refinance a home purchased within the last 12 months. This does not help someone who has either done a lot of work to a house soon after purchase and in the process improved it's value, someone who got a very good deal on the house to begin or someone who has experienced some significant appreciation. This is also a good solution for someone who had to put more down then they wanted to and now they want to recoup some of their down payment. We have seen this happen where a borrower's situation has improved after closing, but because of their situation at the time of closing they had to go with whatever they could find and now they want some cash-out.

Mortgage loans with no seasoning are available for full doc loans. No seasoning loans are not available for investment properties. We also do not do cash out on any Texas properties. Please call us or fill out a contact form to discuss your situation.