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Looking for lenders in California with 80/10/10 jumbo loans

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February 05 - San Francisco
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Answers (9)

Hi,

If you'll post some details of what you're looking for, you'll definitely get some great, specific responses.  For example, is this to purchase or refinance?  What is the estimated value?  What is your approximate FICO score?

Best wishes,

Robert
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May 05
We have three options that permit a 10% down payment, or 80-10-10 structure, for those looking to purchase a home that requires "jumbo" financing, they are:

Traditional 80-10-10 with a HELOC second mortgage.  This structure will work to a purchase price of approximately $1.1MM.

REX Homebuyer down payment match.  REX is not a loan and there are no payments as this is an equity share program.  It can greatly assist a buyer who has the income to support a loan in this range, but who may not have 20% down payment readily or willingly available.  REX will permit 10% down up to a purchase price of nearly $1.6MM and they will allow as little as 12.5% down up to a purchase price of $2MM.

Pledged assets.  With an asset pledge, you can reach up to a purchase price of $5MM with as little as 10% "down."  The remaining requirement for the buyer's equity (down payment) comes from assets the buyer retains in his/her investment and/or savings accounts, but which require a pledge agreement from us on the account.  Balances must be maintained in the account to keep the pledge in place, though trading is permitted in the account.

All three solutions preserve cash for the buyer and avoid PMI.  If there are any questions, let me know.

Rob Spinosa
rspinosa@rpm-mtg.com
415-367-5959
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May 04
We can do regular 80/10/10 Jumbos as well as some very unique Jumbo portfolio loans. For example - we still have interest only, 2 programs for Self-Employed, Asset based lending, and very low rates on our full doc product. We can even do a Jumbo loan one day after short-sale or foreclosure ( with 20% down). Good Luck!
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February 05
We have relationships with over 40 different lenders. I'd be happy to put you in touch with someone on my team to help you shop for the best loan program and rate without having to pull your credit multiple times. Feel free to contact me anytime.
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February 05
We actually have a brand new 95% CLTV jumbo program coming online tomorrow, please reach out to me and I would be happy to discuss the details of this exciting option, as well as the traditional 90% options.  Thanks and good luck!
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February 05
There are lenders like myself in California that can offer you the great jumbo options like the 80/10/10 that you need. We would be glad to speak with you and help you get started on this loan. So don't be afraid to call around and check out multiple lenders to compares prices, services, and products. So the best thing for you to do is to speak with a lender such as myself to see if you can get started on financing a new home. If you have any further questions or if you would like a loan, feel free to contact me.

Good Luck!
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February 05
There are a few lenders with 90% jumbos and 80/10/10 loans.  What is your intended purchase price?
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February 05
We offer an 80/10/10 up to $750,000 or a stand alone 90% Jumbo up to $850,000.  Please contact me if you have any questions.
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February 05
We offer 80-10-10 financing.

Feel free to contact me directly through my profile to discuss options.

Best,

Bryan
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February 05
 
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