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Hi, I am moving within NJ (Burlington County) and cannot get a jumbo mortgage with 15% down. Excelle

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February 09 2012 - US
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Answers (6)

There are indeed still a few programs that will allow jumbo financing even with as little as 10% down. These are 3-10 year ARMS or any fixed product. Pricing is slightly higher that standard Fannie Mae Conventional but not bad at all really considering they go over one million dollars and dont have mortgage insurance as an added expense. Hope that helps and thanks!
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February 14 2012
Well if your loan amount is $417k and you are putting 90k down (Sales price $507k) then as long as there is nothing wrong with your credit, you should be going with a basic conventional loan.  Not sure where you are getting that you need a jumbo loan.
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February 09 2012

Is the loan amount $417,000.00 and purchase price of $507,000.00 putting $90,000.00 down?  Just to clarify?

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February 09 2012
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The loan amount will be the following: 417k (FHA limit), 90k down payment and I have a delta of 90k..
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February 09 2012
Depending on how much you are looking for, there are some possibilities.  Happy to help. Contact me through my profile.
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February 09 2012
What will the loan amount be with 15% down?
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February 09 2012
 
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