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Any 10% down jumbo lenders in ca out there?

I have a client who wants to purchase a home owner occupied 999,000 and wants to put 10% down any lenders have this program any more?

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November 09 2011 - Walnut Creek
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Answers (6)

Yes. We offer a wide range of jumbo products that start at $625,501 and go up to $10MM. The required down payment can vary between those amounts depending on which end of that spectrum you fall and how much house you attempting to purchase. For example, jumbo loans that range from $625,501 on up to $1MM will require a 10% down payment. For loan amounts exceeding $1.1MM and up to $2MM you will need to consider a 15% down payment. And for loans over $2MM you will most likely need to produce a full 20-30% down payment. Be sure to note that these examples are based on final loan amounts and not the actual purchase price. If you have further questions or would like to review all the different loan options please feel free to contact me through my Zillow profile.
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March 10
Through a pledged asset program Rudi is right. We have a great portfolio lender for it.
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November 10 2011
Steven,

With sufficient Pledged Assets we can go to 90% to $5,000,000. Otherwise we cap out at $875,000 at 90% or a 80/10/10 to $1,100,000 with a 10% seller carry-back.

Happy funding, Rudi
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November 09 2011
very doubtful...
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November 09 2011
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November 09 2011
The only option I know of is a 10% seller carry with Union Bank wholesale.  Let us know if you find anything else!
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November 09 2011
 
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