Financing in 06830>Question Details

Tim, Other/Just Looking in

Any financing options for jumbo, and low DP in the Metro NYC area?

Asked by Tim, Thu Nov 7, 2013

Looking to buy a house in fairfield county, CT. Purchase Price around $700k. Can only do 7-10% down. I would consider a combo deal, or 1 loan with or without MI. Good Credit (750 ). New Job, relocating. Substantial bonus income in old and new positions.

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I work for a JUMBO Direct Lender based in Stamford, CT and can offer you the following...

90% financing between $625,000 - $2,000,000 (80/10/10) with NO PMI
85% financing up to $1,500,000 (1 loan) with NO PMI
95% financing between $417,000 - $625,000 (1 loan) with PMI

If you or anyone has any questions regarding Quote's, Scenario's or Cost's please feel free to reach out to me by my profile or contact info below.


Steven Bueti
Luxury Mortgage Corp.
Four Landmark Square, Suite: 300
Stamford, CT 06901
203-569-4240
sbueti@luxurymortgage.com
0 votes Thank Flag Link Tue Oct 21, 2014
For a conventional loan you'd need 10% down and wouldn't necessarily need MI (wouldn't that be nice?!?) On the other hand, you could obtain an FHA loan with as little as 3.5%, however, the mortgage insurance will somewhat offset the benefit. It would be most helpful if we could speak so I can gain a clearer snapshot of your scenario and weigh out the most feasible, cost efficient options for your upcoming home purchase. Please contact me at your earliest convenience via phone or email; whichever is easiest.


Kindest regards,

Paul F. Marzolla
Sr. Mortgage Advisor
(201) 957-6768
0 votes Thank Flag Link Mon Nov 11, 2013
Hi Tim,

If you are working with a Realtor, ask about the mortgage options available through their affinity relationship. If you don't have an agent, please reach out to Jim who works with us at Coldwell Banker.
James Hanrahan
Senior Loan Officer
NE Moves Mortgage
Phone: (203) 816-7879
Fax: (781) 663-6725
License: NMLS# 80306 CT Lic. 63011
james.hanrahan@nemoves.com

if you need further assistance, please let me know.
Best,
Jay Cooke
0 votes Thank Flag Link Thu Nov 7, 2013
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