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Anyone offering a 5% Jumbo loan in WA?

by sterling817 from Kirkland, Washington. Jan 4th 2016 Reply


Rachel Snyder (rachelksnyder)
#58 ranked lender in Washington - 1 contribution

If your loan size is $540,000 or under, yes we can do as little at 5% down.

Jan 4th 2016
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Dalibor Vavrek (Dalibor)
#92 ranked lender in Washington - 24 contributions

I am not sure If you are asking about 5% down payment or 5% Interest Rate.But answer would be YES for down payment. As far as rates go we offer much lower rates than 5% on Jumbo loan.Call for details. 425-351-5363 Dali daliv@moneytolend.com

Jan 4th 2016
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William J Acres (William_Acres)
#1 ranked lender in Arizona - 7,802 contributions

More info needed.. There is a way to do a 5% down Jumbo, but your limited to on the loan amount.. If your looking at financing $2M, then there's no way.. but if you're below $1M, then possibly.. Also, most of the low down programs require very high credit scores and reserves in addition to a whole slew of other guidelines you must meet for eligibility.. For this reason, I suggest you 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 NMLS# 226347

Jan 5th 2016
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