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I need a loan

I'm looking for a lender that will do a 90% loan. Purchase price is 2.8 million and credit is 696, with only two tradelines .. you would think less debt is good since you can pay cash and I guess not .. anyone know of this loan?? by christeenfarley693 from , California. Mar 2nd 2017 Reply

I do these loans if you have some reserves and stability without credit events.

Mar 2nd 2017
Dan Marchiando (
#472 ranked lender in California - 29 contributions

Christeen, The loan you are asking for would not be a mainstream Jumbo loan, but it is possible that we have a niche lender to do the loan. But you don't paint a complete picture with your scenario. Income and the quality of that income plus post-closing reserves would be key in overcoming the negatives of the low down payment and the mediocre credit history/score. Dan Marchiando, Paragon Mortgage Group

Mar 3rd 2017
Dan Paladin (dpaladin)
#1 ranked lender in California - 643 contributions

Hi..more info is needed though generally speaking, we do have a program that will do 90% loan to value(LTV). Feel free to reach out. 562.254.5616

Mar 4th 2017
Larry Gray (lgray_312_247)
#595 ranked lender in California - 1,139 contributions

If you can use another option I would be delighted to assist. It appears you are not qualifying for a traditional jumbo loan with low down and very possibly including a second mortgage or equity line of credit. As the testimonial first offered on my website and in YELP, I get clients who do not get the loan and service from other lenders in regards their unique or lack of trade lines and/or credit scores for traditional jumbo loans. You can reach my via my profile.

Mar 6th 2017
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