Financing in 94109>Question Details

Bernie67, Home Owner in 94133

Are there any lenders out there in the Northern CA area who can/will do a refi on a jumbo loan when I have a high debt to income ratio?

Asked by Bernie67, 94133 Wed Sep 19, 2012

I know in the next year that my debt to income ration will fall from today's 65%-ish to about 40%. Are there any lenders willing to get at the front of the line for a person with credit score of 760 today versus hoping to get this business in a year? Just curious if I will have to wait until next year. Thanks.

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Hi Bernie,

We may have a product that would fit you. I would need to know more about your scenario.

Are you self employed? Do you have liquid assets?

Web Reference:
0 votes Thank Flag Link Tue Nov 26, 2013
60% ratio would be too high for any lender to take on with a jumbo loan. Generally you need to be at 50% or below for a jumbo.
0 votes Thank Flag Link Wed Sep 19, 2012
Just what I've been hearing. Thanks for the reply, nonetheless.
Flag Thu Sep 20, 2012
Hi Bernie,

Depending on your total assets / financial holdings, First Republic Bank may be willing, which would require moving a sizable amount of your assets over to them. Feel free to contact the following:

Dyann Tresenfeld
Executive Managing Director
First Republic Bank
111 Pine Street 7th Floor
San Francisco, CA 94111
415-296-3794 (phone)
415-288-0588 (fax)
NMLS ID: 487194

Good luck!
Dino Zuzic, MBA - TRI Coldwell Banker
0 votes Thank Flag Link Wed Sep 19, 2012
FYI - I emailed Ms Tresenfeld a few weeks ago, and never heard a word back.
Flag Mon Oct 22, 2012
Thanks - I'll try them.
Flag Thu Sep 20, 2012
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