Forgotten Your Password?

Need to Register?

Question Icon

I need a 5% Jumbo loan option in Florida

by frederico.z426 from Miami Beach, Florida. Jan 29th 2016 Reply


Thomas Dasta (lendfm)
#32 ranked lender in Georgia - 41 contributions

5% is high. What are the specifics? I have rates much lower. Thomas Dasta678-571-7433Thomas.dasta@lendfm.com

Jan 29th 2016
2
0
Jay Spurlin (CFCMortgage)
#46 ranked lender in South Carolina - 24 contributions

The closest I have is 90% with No MI. Let me know if this will work. 843-215-6200Jay@coastalfundingcorp.com

Jan 29th 2016
1
0
Anthea Emerson (AntheaC2)
#218 ranked lender in Florida - 56 contributions

I can do a 95% up to $625,000. Full documentation and good credit score.

Jan 29th 2016
1
0
William J Acres (William_Acres)
#2 ranked lender in Arizona - 7,927 contributions

Much more info needed, but in general, there might be 5% down programs up to say $750K, but if your above that, then for most lenders, they will require 10% to 20%.. but without knowing all the details of your specific scenario, it's impossible to advise you properly.. 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 NMLS# 226347

Jan 29th 2016
1
0
Subscribe to our news feed.