your credit score and credit history play also an important role when applying for a mortgage loan.
Please feel free to contact me at your earliest convenience to discuss your pre-approval for next Jumbo Mortgage Loan.
Lic. Loan Originator
NMLS# 299 244
A mortgage broker is a great place to start.
The last place to go is Bank of America, Chase, Wells Fargo or Citi.
You will find your situation most acceptable to those lenders who have a history of investing in the community through small business loans and local mortgages. Enter the location of the subject property and select an "A" or "B" graded lender who clearly has experience with portfolio loans.
Also, if you want, I can send you a few personal recommendations of local lenders who deal regularly with jumbo lending.
If you are serious about making a purchase give me a call.
Don't use the 'contact' link.
Don't use Trulia email.
Don't reply in this thread.
If you are serious go old school and pick up the phone.
Best of success to you,
Annette Lawrence, Broker/Associate
Remax Realtec Group, Palm Harbor, FL
Yes, provided you can document your assets and income and your credit is good. Income investment is income. As a formerly licensed lender I did many loans like this and only had to jump through the hoops of documenting everything to the lenders satisfaction.
Talk to a local mortgage lender and see what they can offer. Rates are awesome and with your down payment, if everything else checks out I can't imagine a problem.