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$500k JUMBO loan with 10% down first time buyer

What lenders can help me? by laurenbeste4496 from Greenville, Illinois. Jun 23rd 2015 Reply


Jamie Lynne (nationwidelenderforyou)
#142 ranked lender in Texas - 575 contributions

We have a 90% or 80/10 option up to 1.25M with a credit score of at least 720 and above. Let's discuss your loan scenario! My number is 800 315 8803 and my name is Jamie. I have been lending nationwide since 1989 and am happy to answer your mortgage questions. Jamie - NMLS 850582 , www.bartprequalifies.com, 800 315 8803

Jun 23rd 2015
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William J Acres (William_Acres)
#2 ranked lender in Arizona - 7,933 contributions

It's going to be difficult to find as a FTHB, but there might be a way to do a first of $417K and a 2nd HELOC with your 10% down, you would get a better blended rate lower than any jumbo finance rate currently being offered.. There also might be some other creative ways to obtain a loan, but much more info would be needed.. The best advice I can give you is to contact a LOCAL mortgage broker and apply with them. Once they see your complete loan profile, they will be better equipped to advise you properly. Also, by applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with many lenders with each one offering a different type of lending program. This is unlike the local bank which typically only has a few lending programs. The more lenders, the more lending options, and the more likely your scenario will be accepted.. Plus, the broker is experienced in seeking out the best loan terms for your particular scenario, and he has lower overhead which typically results in lower rates and fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Jun 23rd 2015
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Hi. I am a local mortgage broker in the Chicago suburbs, lending anywhere in Illinois. We can do this loan easily as long as we have provable income and the 700 middle credit score. Call or email anytime Kris Krajecki. Great Mortgage. 630-347-6321 Imcallingkris@aol.com

Jun 23rd 2015
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