Whether you are considering homeownership or analyzing the benefits of refinancing, M.Y. Safra Bank's mortgage options provide the necessary flexibility.
M.Y. Safra Bank’s team of residential loan advisors leverages their expertise to offer both domestic and foreign borrowers financing options that fit their lifestyle and budget. As one of life’s biggest purchases, we seek to make the mortgage process as comfortable as stepping into your new home.
Conforming Mortgages
Seeking financing for a lower dollar amount, consider M.Y. Safra Bank’s Conforming Mortgages, which are available over various terms and with fixed or adjustable rates. These loans conform to both Fannie Mae and Freddie Mac underwriting guidelines.
Jumbo Mortgages
For single-family residences, we offer financing beyond conventional loan limits. Choose between 15- and 30-year terms, with interest-only loans available if your loan-to-value ratio is low.
Alternative Documentation Mortgages
Secure a home loan that fits your budget while using documentation other than your tax return to verify your income and interest-only repayment options. These mortgages are available for up to $5 million on primary residences in New York City, whether single-family, condominiums or co-ops.
Refinance
Lower your monthly payment, adjust your term, or get cash out by refinancing with M.Y. Safra Bank. Work with one of the Bank’s loan advisors to help you choose a mortgage option that better suits your current financial plan.
How much can you afford and what will your monthly payments be? See M.Y. Safra Bank’s financial
calculators.
For Jumbo Mortgages, the debt-to-income ratio cannot exceed 43%. The loan-to-value ratios generally fall within the range of 60 - 75%.
For Alternative Documentation Mortgages, the loan-to-value ratio cannot exceed 50%. Self-employed borrowers are permitted. Bank statements and or brokerage statements will be accepted in place of tax returns.