Low Down Payment

Jumbo Mortgage Loans

Borrow up to $3,000,000 with as low as 5% down.  Mortgage Insurance NOT required

Oceanside Mortgage Company is proud to offer 95 LTV Jumbo, 90 LTV Jumbo and 85 LTV Jumbo mortgage loans.  Unlike many of our competitors, we offer a single loan, rather than a 1st and 2nd mortgage.  We also will not require mortgage insurance on any of our Jumbo loan offerings.

Buy your next home without a

massive down payment

Oceanside Mortgage offers 3 Jumbo loan programs for our customers.  The programs are based on the credit score of the borrower.  The main difference between each program is the minimum credit score that is required.  A loan specialist would be happy to review your options and determine the best option for your needs.

Elite Access

This program is reserved for borrowers with the highest credit scores and offers the lowest rates.  This program is best suited for a borrower with a 700+ credit score who is looking to borrow up to $3,000,000.

Premier Access

If your credit score is at least 660, the Premier Access program allows you to borrow up to $3,000,000 if you are able to put at least 10% down.  This program also permits you to take cash out of your property.

Homeowner Access

With the Homeowner Access program, you may be able to borrow up to $1,500,000, even if you have had prior credit issues.  This program permits scores as low as 580.  We understand that just because life happens doesn’t mean you shouldn’t be able to purchase the home of your dreams.

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Our goal at Oceanside is to allow you to purchase or refinance the home of your dreams without having to jump through a lot of hoops.  Our Jumbo loan programs permit you to use W-2, self-employment and even assets to qualify for a mortgage loan.  We also permit you to utilize gift funds from a family member to satisfy the down payment requirement.  The two main factors in determining if you qualify for a mortgage loan are "Debt-to-income" ratio and down payment.  

Our jumbo loan programs permit "Debt-to-income" ratios of up to 45%, meaning that 45% of your monthly gross income can be used to satisfy your minimum monthly obligations.  We also allow you to utilize assets to qualify in whole or in part for a mortgage loan.  A loan officer can help you calculate your debt-to-income ratio.

Your down payment is also an important factor when determining if you qualify for a mortgage loan.  You will typically need at least 5% of the purchase price for a down payment.  We are here to help you determine the best amount to put down.  In some instances, it makes more sense to make a smaller down payment so that you have additional funds in reserve.

Oceanside Mortgage Comapany is a direct lender We have been in business for over 20 years and have an A+ rating with the BBB. We also have hundreds of 5-star reviews on Facebook, Google, and Zillow.

Since our establishment, the team at Oceanside has worked on Streamling the loan process. We offer a no closing cost option, minimizing the amount of money added to your loan. Oceanside has gotten rid of the middle man by being a direct lender, so all of the decisions about your refinancing are made in house. Call or email one of our loan specialists today. You’ll be in expert hands when you choose Oceanside Mortgage Company.

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Contact Us

55 Main St
Toms River, NJ 08753

Loan Servicing
(866) 680-5729

Servicing Questions

Oceanside Mortgage Company is a private corporation. Oceanside Mortgage Company is not acting on behalf or at the direction of HUD/FHA/VA/USDA or the Federal Government. By refinancing your existing loan, your total finance charges may be higher over the life of the loan. NMLS# 80015 Visit the Nationwide Mortgage Licensing System & Registry consumer access website for licensing information: www.nmlsconsumeraccess.org Website authorization by the New York State Department of Financial Services is pending. Until this website is authorized, no mortgage loan applications for properties located in New York will be accepted through this site. Arizona Bankers License # BK-0940196