Financing in Laguna Niguel>Question Details

Bob, Renter in Laguna Niguel, CA

Where can I find a super jumbo loan in CA with 90% LTV?

Asked by Bob, Laguna Niguel, CA Fri Mar 29, 2013

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13
I work with a few mortgage brokers that offer super Jumbo loans with 10% down. Email me or visit our site I will get you to the right lender.
4 votes Thank Flag Link Tue Oct 22, 2013
Bib,

If you cannot find a a private-party individual (from a seller carry back or other private money source) or a banking institution to do the 10 % subordinate 2nd behind our 80% first....We do have a second lender that will go in second postion for 5% max (85% Combined loan-to-value)

Purchase price $1,111,000
First Loan $ 888,850 (80%)
2nd Loan $ 55,500 ( 5%)

Down Payment $ 166,650 (15%)


Feel free to call for more details.

Cheers
2 votes Thank Flag Link Fri Mar 29, 2013
I ma sorry let me re-phrase that (with 1 Mil representing 90% of 1.11 Mil)

We can do the first to 889K representing 80% of the puchase price with a 740 middle credit score on an Owner Occupied Single Family Residence, and will authorize a subordinate 2nd (111K) behind our first from a private-party individual (such a seller or others) or a banking institution (Regardless of whether the lender of the subordinate lien is a private-party individual or an institution, a copy of the note is required to ensure that our parameters for Subordinate Financing are met).

We close in less than 30 days.

Feel free to contact me.
2 votes Thank Flag Link Fri Mar 29, 2013
Our timing is 1st of the year, look for homes, make offer and close in the May 2014 time frame. I'm just exploring now. You scenario is about right. I'll have $110K Cash ~ maybe more and want to finance remaining ~$1M.
Flag Fri Mar 29, 2013
Randy Roberts stop spamming Trulia. The Lendersnetwork is a scam buyers beware. They hire people to creat fake profiles and spam Truila.

Look at Randy Roberts profile he has 100s of spam comments left on blogs. This company uses companies overseas to create fake profiles to leave comments all over the internet to promote their company. There a mortgage lead company that wants to sale your information to mortgage lenders and brokers.
1 vote Thank Flag Link Thu Oct 31, 2013
Thank you Jeff.
Flag Thu Oct 31, 2013
Another choice is Kevin Budde's team, in Laguna Niguel.

In the price range you're talking, he has a program with an 80% LTV first, combined with a 10% HELOC, which has a competitive total monthly payment.

Kevin has almost 40 year's experience in South Orange County, and is likely the TOP producing lender in the area.

His cell: 949-422-2075, and his email: kbudde@primelending.com
1 vote Thank Flag Link Sat Mar 30, 2013
Hi Bob,

Yes, it can be done.. Let me know how I can help you in your LOan and help you in finding your home..

Ingrid Ski Raltor
949-874-0432
OCAreaHomes@gmail.com
1 vote Thank Flag Link Fri Mar 29, 2013
I have a lender who will go 90% with FICO of 720. Is your FICO 700 or not sure?

How much is the DTI? Are you W2 or 1099?

I will have to run the case with the Lender to confirm and that it can now be done on Monday only.

Thanks
Jacob
NMLS 327086
1 vote Thank Flag Link Fri Mar 29, 2013
0 votes Thank Flag Link Fri Nov 1, 2013
90% Jumbo up to 750K loan amount
85% Jumbo for anything 750K - 1.275 Million
0 votes Thank Flag Link Thu Oct 31, 2013
We can do the first to 800K with a 740 middle credit score on an Owner Occupied Single Family Residence, and will authorize a subordinate 2nd (100K) behind our first from a private-party individual (such a seller or others) or a banking institution (Regardless of whether the lender of the subordinate lien is a private-party individual or an institution, a copy of the note is required to ensure that our parameters for Subordinate Financing are met).

We close in less than 30 days.

Feel free to contact me.
0 votes Thank Flag Link Fri Mar 29, 2013
I"m Looking for $1M on a SFR, Purchase, owner occupied. Score 700+
0 votes Thank Flag Link Fri Mar 29, 2013
How much do you need?
Is this an Owner Occupied, Single Family Residence?
Purchase or Refi?
Credit Score
0 votes Thank Flag Link Fri Mar 29, 2013
Try Gary Twitchel at Prime Lending in Irvine. Direct number is 714-342-1664
Good luck
0 votes Thank Flag Link Fri Mar 29, 2013
Thanks Skip! Just spoke to Gary. Great guy.
Flag Fri Mar 29, 2013
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