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Are there any banks willing to take 20% down on a super jumbo loan in 08008? Quoted 30% from banks

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October 26 - North Beach
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Profile picture for loansbytracy
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Since November 2009

Laura6121 - checked the guidelines and they are as follows:

Min. Credit score 750
Max 65% LTV $900,001 - 1.2 Mil
Max 55% LTV 1,200.000.01 - 1.5 Mil
Max DTI 45%

Hope this helps!

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October 29
Try Eric Larson, (732) 539-3911 or Dawn Benedickson, 732.259.6077. I trust that either will advise you appropriatrely.
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October 29
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Yes ...as long as you have good credit and proof of income. Rates under 6% in most situations.
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October 28
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To $1.5 mil, i could get you to 80%, to $2.0 mil to 75%, but there is a rate bump for the higher loan amounts.  Of course the normal caveats, based on credit, income/asset verfication, etc. [edited for being self promotional]
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October 28
Profile picture for Gregorio Denny
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Since January 2009

Peter,

Aren't you the one that said:

"Any loan officer that quotes you a rate based just on a credit score is pulling your chain, hang up the phone and run as fast as you can from this person, he can't possibly know what rate you "Actually" qualify for with just a credit score to go by.  So you're obviously dealing with someone who's dishonest. "

 What are you basing these rates on Peter? And why are you spamming?

Based on your very own words, EVERYONE should RUN AWAY from YOU as you are DISHONEST. 

Your words, not mine!

 
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October 27
Profile picture for pgiro
Real Estate Agent
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Yes, most certainly. With good credit scores and proof of income. DTI (debt-to-income) ratios will need to be below 38%.  Rates around 5.625% and 0-points. AAA+ Jumbo lender.  [deleted for being self promotion]
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October 26
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Closer to 2 million
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October 26
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How much are you talking about?  800k or 2million...
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October 26
Yes ...as long as you have good credit.
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October 26
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Yes we will with excellent credit.   Rates under 6% in most situations.
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October 26
 

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