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Profile picture for Zimba23

Jumbo mortgage in Michigan

Situation:
- first time home buyer (for primary residence)
- income 170k
- 50k savings
- creditscore at 750
- looking for home at about 600k
- possible with jumbo or not?
- if yes, then only if downpayment is 5% from my point of view

Otherwise I think you need at least 10% down. So, I do not think so, unless I bring savings up to at least 90k for 10% down (for some wiggle room for other expenses).

Or are there jumbo mortgages in michigan at less than 10%?
  • August 08 2012 - Birmingham
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Answers (1)

Profile picture for therealtorguy
Zimba23,

I am a local realtor-offices in Franklin & Birmingham. We have a mortgage broker that works out of our office that might be able to help you. Zillow does not allow me to reply with his contact information. But if you email me, I will send his information to you.
  • August 08 2012
  • 0Yes

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