Financing in 30327>Question Details

Gagan, Home Buyer in Atlanta, GA

Jumbo Loans <20% down payment.? (ATL) Are there any lenders that offer 10% down payment for jumbo loans in Atlanta,GA

Asked by Gagan, Atlanta, GA Wed Jun 30, 2010

Hello we are moving to ATL and are looking to purchase a property in the 500-700K range.
My yearly income before
bonus is 218 K, so we would be able to afford the mortgage payments on such a house.
The issue is down payment and i would like to keep it to 10% if possible.
Do you know of any lenders that are doing that?


0 votes Share Flag Financing in 30327

Help the community by answering this question:


As I replied back in July 2010 - this loan can be done and I can provide an unmatched program to help you see all the best properties available, and make a sound purchase.

Don't hesitiate to drop me a line if you still plan to move to Atlanta and have any questions - and haven't already moved to Atlanta..


Robert Whitfield
Broker/Owner - Realtor
Professional Buyers Broker
Relocation Expert
New Home Construction Expert
ICC Code Certified Building Inspection Expert
Advantage Realtors
0 votes Thank Flag Link Wed Jan 26, 2011

Our in-house lender was just telling us about a program where buyers can put down 10% and not have to pay Mortgage Insurance. Hi sname is Jeff Hart. If you call him, please let him know where you got his contact info.

Jeff Hart
(404) 303-2631 Office
(404) 526-1233 Fax
(770) 315-9736 Cell
5775-C Glenridge Dr., Suite 110
Atlanta, GA 30328

If you're looking for a home in the East Cobb, Roswell, Alpharetta or SE Cherokee county area, I'd be happy to help you find what you're looking for. There is so much to choose from.

What ever you decide, good luck. I'm sure you'll love it here!

Nancy Rivera
Prudential Georgia Realty
0 votes Thank Flag Link Wed Jan 26, 2011

As someone else mentioned you will want to work with a direct lender. Wells Fargo is one of the strongest banks in my opinion. You can contact:

Brian P. Stephens
Sales Manager
Wells Fargo Home Mortgage
100 Galleria Pkwy #1120
Atlanta, GA 30339
(678) 742-3644 Tel
770-406-2693 Fax

I also agree with Robert. Depending on the location you want there are great opportunities to buy discounted homes that will have the features of $500-$700K homes for much less in today's market.

Feel free to contact me and we can discuss what area of Atlanta you prefer and dial in some of the criteria that you will require. With this information I can send you a list of properties and help you get a feel for the market.

James Dudley
ERA Sunrise Realty
0 votes Thank Flag Link Thu Jul 1, 2010
Hi Gagan,

I work with a Direct Lender (stay away from loan brokers in this lending environment) who can do that loan assuming you have at least a 700 Fico score - Jason Young, Branch Manager with American Bank Mortgage Group - 678-608-2944. Note - have you considered looking at properties that were recently in that price range, but are now such a deal a jumbo is no longer required? I have information and access to such homes. I can help you either way, but suggest exploring that option as well before committing to a jumbo loan which will have a higher rate.


Robert Whitfield
Broker/Owner - Realtor
ICC Code Certified Building Inspection Expert
Advantage Realtors
0 votes Thank Flag Link Thu Jul 1, 2010
Yes we offer 90% Jumbo's ARM's and Fixed.

Stephen Katz
Vandyk Mortgage
0 votes Thank Flag Link Wed Jun 30, 2010
Yes, call christian torres at 678-472-7040
0 votes Thank Flag Link Wed Jun 30, 2010
Please consider contacting one of the lenders below, Daniel, for jumbo loan options. If you have any questions for me on housing, please call or email and I will be glad to share my thoughts with you. Good Luck!

Michael Hammond

Jay Posey
Your Mortgage Advisor
PHH Mortgage, Inc
Phone: 404-992-5462

Chuck Ewing
Senior Mortgage Planner
Community Mortgage Services
Phone: 770-241-1700
Fax: 678-623-0960
0 votes Thank Flag Link Wed Jun 30, 2010
If any know, Jim does. Contact him at:

Jim Auriemmo
5565 Glenridge Connector NE Ste. 400
Atlanta, GA 30342
P- 404-924-4170
C- 678-448-2257
F- 404-941-2501

Hope he can help you.

Mark Lackey
Atlanta Housing Source at
Solid Source Realty, Inc.
Associate Broker

Home Buyers & Sellers -
Property Management –
0 votes Thank Flag Link Wed Jun 30, 2010
Yes! We have Jumbo loans with just 10% down. Call me at 678.468.4046 anytime...

Warm regards,
Kim Jones
Mortgage Banker
3328 Peachtree Road
Suite 200
Atlanta, Ga. 30326
Cell: 678.468.4046
eFax: 678.518.6917
Please Visit to Apply:
0 votes Thank Flag Link Wed Jun 30, 2010
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