Typically a lender will consider it an investment property if you do not live there 51% of the time. A good loan officer can help you navigate through the ins and outs of Primary Residence vs. Investment vs. Second Home. Sometimes lenders will offer lower rates if you can prove that you travel to the area for work and need the property as a second residence.
Good luck!... more
HI Future Buyer in GG,
Are you looking for a jumbo loan? If so, yes there is. Kinecta Federal Credit Union offers a 10% or 11% jumbo loan program 89/11 or 90/10 programs. I called the bank directly and worked with:
Libardo Quintero. He is very good and responsive. His number is 949.861.0367
They are one of the only that are offering this special niche program.
If you want assistance finding a home, please feel free to message me.
Thank you!... more
You're not going to have much luck on the web because most agents don't accurately detail the architectural style of the home. Your best bet it to hook up with an agent that has been around for quite a while and knows the area well as well as the architectual details of each neighborhood.
Prudential California Realty... more