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Need Jumbo loan for investment property $735,000, 20% down and good credit score (740)

by kelcie828 from Ordway, Colorado. Sep 23rd 2016 Reply


Nic Netherton (ColoradoLender)
#17 ranked lender in Colorado - 57 contributions

Good afternoon KelcieWe would be happy to help you out with this request, is the property there in Crowley County?You can give us a call at 970-590-5021 at your convenience and we can go over the details.ThanksNic Netherton

Sep 23rd 2016
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Rob Koellner (Rob_Koellner)
#18 ranked lender in Colorado - 35 contributions

What type of property is this?

Sep 24th 2016
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William J Acres (William_Acres)
#2 ranked lender in Arizona - 7,917 contributions

Much more info needed.. But in general, yes.. there are lenders out there willing to do investment jumbo with 20% down.. Expect the rate to be several percentage points above what owner occupied rates would be.. and the costs could be higher as well.. but there is a loan out there... 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 26th 2016
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