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Are there renovation jumbo loans available?

by kenny.mac401 from Mooresville, North Carolina. Jun 20th 2017 Reply

William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,727 contributions

It's possible, but I've never seen one.. Understand that when it comes to jumbo financing, there are no "Conforming" set of guidelines.. each lender who offers financing can make up their own rules... This is unlike all the conforming loan products (FHA, VA, USDA, Conventional) which all have a standardized set of rules specific to the loan product.. and under most conforming loan's, there are rehab products.. But when it comes to Jumbo,, the general consensus is that if you can afford a jumbo property, you shouldn't need the ability to finance a remodel. I'm a preferred Lender with Arizona and California being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893

Jun 20th 2017
Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 4,078 contributions

Not in the traditional market.

Jun 20th 2017
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