Financing in Atlanta>Question Details

Bill, Home Owner in Atlanta, GA

Are there any lenders out there able to underwrite a refi jumbo loan in Atlanta at 90% CLTV (with 80% in the first)?

Asked by Bill, Atlanta, GA Tue Jan 29, 2013

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The obvious answer to your question as mentioned by my colleagues is yes this loan scenario is certainly possible and there are number of ways to structure the loans to make it work. Besides the interest rate and closing costs,which are likely your first two questions of each of us, there are other aspects of this loan scenario you should know about. First your ability to get 90% financing is dependent largely on your credit score. Lower credit scores may not qualify a borrower for this type of loan.

Second, most jumbo loans require the borrowers to maintain a certain amount of assets as "reserves" in addition to their down payment. You may be asked to show assets equal to 6 months or more in mortgage payments to be kept as reserves. The reserve requirement is tied to the number of homes you are financing, which means if you are buying a new home prior to selling your current residence, more assets still may be required.

So my point is that while everyone who has posted can offer you the requisite loan program, be sure to confirm the credit score and reserve requirements when considering their loan options.

I wish you the best.

Timothy Brown
LPO Manager | Evolve Bank & Trust
11605 Haynes Bridge Road Suite 125| Alpharetta, GA 30009
678.468.5626 x110 | fax 678.935.1156 | cell 678.467.9959
NMLS#: 168281
0 votes Thank Flag Link Tue Jan 29, 2013
Hi Bill,
Depending on all of the parameters of your situation, there may very wel be financing options for you. Jumbo lending is stil has many more restrictions that we had several years ago, but there are investors for 90% LTV and/or CLTV loans in GA.

Working with a knowledgeable and seasoned loan officer is critical in today's market. Getting Pre-Qualified is the only way for you to find out your options. To get Pre-Qualified for your refinance, you can submit your request online at

Rodney Mason, NMLS #151088
Sr Loan Officer
Prospect Mortgage
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
Apply Online at
Licensed in Alabama & Georgia with over a decade of lending experience.

Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203K Renovation (Streamline & Consultant) | HomePath® | HomePath® Renovation | HomeStyle® Renovation | VA | USDA | GA Dream | Jumbo Financing.
0 votes Thank Flag Link Tue Jan 29, 2013
Bill...We can offer (to qualified applicants) several formats for refi jumbos to LTVs (loan to value) to 90% including 1sts and 2nds in several configurations or a single loan with no PMI or escrow. It depends on too many factors to enumerate here. We specialize in jumbo loans and look forward to working with you on your particulars for this transaction....but we tailor each to what your goals and aspirations are (ie...lower rate/payment, faster payoff, interest only etc).

Call me at your convenience any day 8a-8p EST.

Over 40 years of personal industry experience at your service....

Vernon Appenzeller
Capital City Mortgage Investments, Inc
GA mortgage LENDER licensee #7064
NMLS #164510
0 votes Thank Flag Link Tue Jan 29, 2013

There are lenders out there who do offer a 90% CLTV program. There are a number of factors that limit what kinds of loans available - Credit score; loan amount; type of property (single family, townhome, condo, etc.) Also, occupancy matters as well (owner-occupied, second home, investment)

Drop me a line and let me know more about your specifics adn let me see if there is a program out there for you.


0 votes Thank Flag Link Tue Jan 29, 2013
Hello Bill- there are lenders in GA that will do this - We can do 80% on the first and then you can have a second up to 90% with no problem. We do this all of the time with our clients. We also have single loan options up to 90% with no PMI which is a really great program. Feel free to give me a call and we can talk about your specific needs at 678-564-1522 Thanks
0 votes Thank Flag Link Tue Jan 29, 2013
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