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Jumbo for Purchase Loans

What if you had an option to purchase a new high-value home
and increase your financial flexibility? Jumbo for purchase

loans are specifically designed for buyers 55* or better. The
jumbo for purchase offers you the opportunity to purchase a
high-value home with no monthly mortgage payments.**

Eligibility: Enjoy these great features:
n Must be age 55* or better n No monthly mortgage payments** Jumbo for Purchase
Loan Example
n The home must be your n Loan amounts available up to
primary residence $4 million Your homeowner age 70,
sells their existing home for
n Meet loan-to-value n No mortgage insurance required
requirements means lower closing costs $2,000,000.

*The HomeSafe “Fixed” and “Flex” product options have a minimum age requirement of 55 in
all states, with the exception of NY, and WA in which the minimum age is 60, and UT, NC, and
TX in which the minimum age requirement is 62. 1 Step One
**Borrower must continue to pay property taxes, homeowners insurance, and home Purchase a New Home
maintenance costs.
Your client finds a NEW home for
$1,500,000 5
Loan Amount Locate the age on the chart closest to the youngest buyer’s Use $876,925 as a down payment
age. Then find the home value closest to the home your buyers are looking
to purchase. This will give you an estimate of the loan amount. Use $634,500 from a Jumbo for
Purchase loan to complete new
Home Value 65 Years Old 70 Years Old 80 Years Old purchase

$1,000,000 $365,000 1 $423,000 2 $525,000 3
2 Step Two
$1,500,000 $547,500 4 $634,500 5 $787,500 6
+$876,925 Down Payment
$2,000,000 $730,000 7 $846,000 8 $1,050,000 9

Chart 1. Amount Financed by Jumbo loan*** +$634,500 Loan to Complete
Purchase
Down Payment Locate the age on the chart closest to the youngest buyer’s
age. Then find the home value closest to the home your buyers are looking to $1,500,000 + Closing
purchase. This will give you an estimate of the amount your buyers would need Costs
to provide at closing.

Home Value 65 Years Old 70 Years Old 80 Years Old 3 Step Three

$1,000,000 $643,759 $585,759 $483,759 $274,429 at your client’s disposal
and $0 monthly mortgage
$1,500,000 $963,925 $876,925 $723,925 payments.**
$2,000,000 $1,284,091 $1,168,091 $964,091 **Borrower must continue to pay property
taxes, homeowners insurance, and home
Chart 2. Amount Buyer Needs to Provide at Closing maintenance costs.