Wholesale Super Jumbo Loans


Super Jumbo Residential Loans are increasingly more difficult to find on Wholesale marketplace for Mortgage Brokers.

By now it would be virtually impossible for anyone to not have heard about the "Sub-prime Meltdown", "Mortgage Crisis", "Credit Crunch" or the "Liquidity Crunch". The current situation has been well publicized, and we have all heard the stories of the individuals who have lost their homes, or are struggling to keep them. These are usually the unfortunate ones that had credit, income documentation, or down payment issues, and ended up in adjustable loans.

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The part of the story we don't hear about very often, is the effect it's had on the more affluent homeowners. High Net Worth individuals are also finding themselves having trouble obtaining new loans, whether it's to refinance out of an adjustable mortgage, or to purchase a home. When the rate adjusts on a multi-million dollar loan, monthly payments can increase thousands of dollars. With the slowdown of the residential market, a quick sale for a good price is usually not an option. Additionally, a good number of these borrowers are self employed entrepreneurs who, very likely, are seeing a decrease in their income due to the overall slowing of the economy.

Obviously, everyday people aren't going to feel too sorry for the business owner stuck with a big adjustable loan on their mansion. Nevertheless, when they find themselves in a bind that their local bank is no longer willing to help them out with, they may turn to a Mortgage Broker. Long gone are the days of easy loans of this magnitude, especially in the Wholesale marketplace. Super Jumbo Mortgages were some of the first types of loans to have guidelines tightened, with many lenders cutting them out entirely. Placing these loans can be an extremely frustrating experience for the Broker.

Transcend Financial Solutions, along with their Private Banking partners, can help Mortgage Brokers with the placement of Super Jumbo Loans nationwide. Our Private Banking Super Jumbo program has more flexible parameters that allow us to take into account the borrower's entire financial situation to come to a favorable conclusion. By doing this, we can meet the needs of most borrowers, and facilitate the kinds of loans that otherwise would be unattainable. Transcend Financial Solutions is willing to discuss many types of loan scenarios for High Net Worth clients, beyond the typical Single Family Residential.

High Net Worth clients normally have the credit, income, and collateral necessary to obtain a loan. They often own businesses, equipment, and other properties that can be leveraged to secure the additional financing required. Transcend Financial Solutions can draw on their expertise in the Commercial Loan realm along with the Private Banking partnership to structure a deal that is most advantageous to the borrower.


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