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Jumbo loan with 10% down???

Hi. My husband and I live in Beaverton, Oregon. We want to purchase a home for 940K. We have $120,000 available for a down payment. 750's credit score, and an income of $230,000. Is this type of loan do-able? by shellygirard66414 from Beaverton, Oregon. Sep 23rd 2015 Reply


Derick Condron (rightstartoregon)
#32 ranked lender in Oregon - 597 contributions

Yes it would not be a jumbo loan but I have an option for you. I am a local Oregon lender that would love to help you.Derick Condrondcondron@rightstartmortgage.com503-510-8290

Sep 23rd 2015
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Michael Dolan (michael)
#12 ranked lender in Oregon - 8 contributions

Hello, Shelly. I am doing such a loan now. I have several options. Call 503-895-5428. Michael Dolan, BrokerPro Mortgage.

Sep 23rd 2015
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William J Acres (William_Acres)
#2 ranked lender in Arizona - 7,917 contributions

Yes.. but much more info is 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 NMLS# 226347

Sep 23rd 2015
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Chris Barry (TheLoanDoctor)
#45 ranked lender in Oregon - 40 contributions

I'm in Hillsboro. Give me a call and we can discuss various financing options.Chris Barry 503-515-2309

Sep 23rd 2015
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Chris Losinger (ChrisL)
#44 ranked lender in Oregon - 197 contributions

Yes, your is do-able. Either 90% one loan or an 80% first and 10% second. I'm located in Lake Oswego, give me a call or mail at: 360-546-5000 or closinger@vantagemortgagegroup.com. Thanks Chris

Sep 23rd 2015
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Mike Popnoe (mike@strategy7pdx.com)
#25 ranked lender in Oregon - 2 contributions

There are several solutions that should work for you based on the scenario you provided. If you are still seeking advice and options, feel free to contact me. Mike Popnoe NMLS 116627Mortgage Trust, Inc.503-282-5626mike@mortgage-trust.com

Sep 23rd 2015
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Jim Wagoner (jwag51)
#4 ranked lender in Oregon - 7 contributions

Yes a 90% Jumbo loan is doable. I live in Beaverton and work in Lake Oswego. Happy to help.Jim WagonerGuaranteed Rate503-345-2685

Sep 23rd 2015
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