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Replies (12)
- Rob Cochems
- Contributions:3523
mp22,
You a veteran by chance?
- mp22
- Contributions:2
No.
- Rob Cochems
- Contributions:3523
In that case, I really don't have anything for that loan amount and LTV. Plan on needing at least 20% down and preferable more, for a 900k purchase.
What Rob said.
- Rudi Hofmann, "LUXURY HOME LOANS CA"
- Contributions:7435
If you can do this fast the temporary agency jumbo Stimulus Bill program ends 12/31. There is at least one lender that will fund until that date. The limit to be funded is $729,750. Add $90K to that and your purchase could be no more than $819, 750. ... Starting 1/1/2009 the limit is $625,500. This is assuming you are in one of the counties that qualify for the maximum amount. .... Good luck!
- Michael Yaeger, "yaegermike"
- Contributions:754
We should see a complete revamp of the non-conf market soon. You might want to wait to see what happens then. Right now you are out of luck.
- Steve Russell, "Steve Russell"
- Contributions:8
The jumbo loan market has been rocked by the market uncertainties. I agree with yaegermike. There has been a vacuum created in that market and it is only a matter of time before some lenders open up programs to fill that void. Expect worse terms than conventional financing, or be prepared to put more money down.
- Andrew Adams, "203K Specialist"
- Contributions:9349
How's that different than jumbo financing has always been? No appetite for it in the current market.
- AZMortgages
- Contributions:32
mp22,
Try asking the mortgage brokers you are talking to if they have any portfolio lenders who's guidelines you might fall into. It is a long shot but worth a try.
- AZMortgages
- Contributions:32
Have you been able to find a lender yet? I spoke with a collegue in CA who says he might have some options for you.
- WillWork4Home
- Contributions:2
AZMortgages,
I am looking for a loan under similar conditions as the opp. May I have a referral to the person you are talking about?
I am looking for a loan under similar conditions as the opp. May I have a referral to the person you are talking about?
- tchau_99
- Contributions:137
Don't bother to buy...Save a few months and you may get to the 20% or down payment.
Your good credit.... is great!!!!!!!!!
Keep it up.
Hope this is helpful
Your good credit.... is great!!!!!!!!!
Keep it up.
Hope this is helpful
90% LTV LOAN
We are looking to buy a home in CA, but only have 10% down payment for a $900K purchase. We both have good FICO scores (788). Is this not possible in today's market?
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