My 90% jumbo is available as an 80/10/10 to a max of $781,250. First is $625,000 and a second of $78,125 where we fund and keep both loans for servicing. This is available on an ARM product of 5, 7 or 10 years fixed then adjustable afterwards. For amounts over this I am capped at 80% LVT/CLTV.
If the Buyer is a Physician then I can do 100% LTV up to $750,000 or 90% LTV up to $1mm with NO MI required. This one only works for Medical Doctors and Medical Students in residency. Physician’s Assistants etc are not eligible.
Please call or email of you need any additional data or have any questions.
Senior Mortgage Banker
NMLS ID# 492665
Colorado State Bank & Trust, N.A.
10026 West San Juan Way
Littleton, CO 80127
(720) 981-6120 Phone
(720) 936-7223 Cell
(303) 566-5327 Fax
Apply Online: http://www.csbt.com/richardoakley
I specialize in the luxury market here in Highlands Ranch and Castle Pines North area. I work closely with a lender who does Jumbo loans in Douglas County. Considering that each consumers needs vary, it typically is difficult to share with you the multiple programs available. Other factors that are needed to propose a product besides credit score are annual income, job history, previous bankruptcy filing in past 7 years? I would recommend calling Bonnie Briese at Pinnacle Mortgage. Her contact info is:
303-996-4893 or email@example.com. She is an amazing lender who will be upfront and honest with you regarding loan information and will work hard to give you the best rates possible.
I live in Castle Rock in Douglas County and I have lenders who work very directly here. Call me on my cell phone if you would like. My number is at the top of my website at http://www.searchforhomesincolorado.com and you are welcome to email me as well. Lenders are not all the same and you need to have a good one for the type of loan you are trying to acquire.
I look forward to hearing from you. Have a great day.
Feel free to contact me anytime to discuss the jumbo market and some of its nuances. Trying to leave a complete answer here would be too long and complex. I can say I just helped a client purchase a home here in Douglas County with a jumbo product. Not all products are equal! There are some underwriting issues and concerns you should be aware of upfront that could be the difference in closing on the home on time or at all!