Financing in 90019>Question Details

Mday83, Home Buyer in California

Where can I get a home equity loan at 90% LTV for an owner occupied home in Southern California?

Asked by Mday83, California Tue Feb 28, 2012

Anyone know of lenders who will do this? Thanks for any help.

0 votes Share Flag Financing in 90019

Help the community by answering this question:


I have a first and second combo that will go up to 90%, technically 89.99% CLTV, when you have max combined liens of $750,000 or less and up to 85% CLTV to $1million combined liens. Go to: for more details or call me.

Dave Mingione
East Bay Mortgage Bankers, a branch of Sierra Pacific Mortgage Co.
533 Peters Ave., Ste #206
Pleasanton, CA 94566
Office: 925-462-6019
NMLS: 256845, Branch NMLS #259408, DOCCRMLA license #8171157
1 vote Thank Flag Link Thu Jul 25, 2013
where can i get a home equity loan at 90% LTV for an owner occupied home in Naple Florida?
0 votes Thank Flag Link Tue Oct 27, 2015
I can refinance up to 90% total LTV (89.99%) to values of $1,250,000.
No add-ons to the jumbo 1st for having a second when both are through our bank. 1st loan can be fixed or ARM, regular or interest only. No fees for the 2nd, which can be an interest only HELOC or a fixed rate 15 year.
0 votes Thank Flag Link Wed May 7, 2014
If you contact me I would be glad to put you in contact with a few different mortgage lenders & they can go into detail with the programs that they currently have available.

Feel free to also check out

For some FREE informative articles & reports for sellers.

Also has properties that are currently available for sale.

Taylor Cresswell
Real Estate Agent
BRE# 01945015
(424) 302-8008
0 votes Thank Flag Link Wed Apr 30, 2014
We can go to 89.9%, but only piggyback with a 1st TD so you would have to be doing a purchase or refinancing your existing 1st TD.
0 votes Thank Flag Link Tue Apr 22, 2014
There are many lenders out there that will do that for you ask friends ,family & co- workers who they would recommend ,then talk to 2-3 & see who you feel comfortable working with ! Good Luck !
0 votes Thank Flag Link Mon Apr 7, 2014
Glad this thread has been reactivated. Piggy back loans are one again possible...75% to 80% on the first (depending upon product) and 15% or 10% second). The terms are very good and will allow you to avoid and/or remove mortgage insurance on an existing loan.

Qualifications are quite restrictive, but not daunting. I just completed a refinance using the product with a 7/1 ARM on a 400K loan....saved the borrower over $700 by taking her out of an existing FHA loan at 4.25%.

Be happy to show anyone the comparison on the various products/terms.

All my best,

NMLS 279125
0 votes Thank Flag Link Thu Jul 25, 2013
I think you mean a second mortgage home equity loan?
0 votes Thank Flag Link Tue Apr 23, 2013
I can do up to 85% LTV but it will be one loan cash out. Of course you would need to qualify. I have some great rates and pricing. Call me and we can discuss.

Eddie W. de Leon
Senior Loan Officer
951-210-2101 - Cell
NMLS #238369
0 votes Thank Flag Link Tue Apr 23, 2013
The answers below are out of date. Several credit unions will now go to 90% CLTV.

Chris Hendricks
Senior Loan Officer
OnQ Financial
0 votes Thank Flag Link Tue Apr 23, 2013
Sorry I missed your inquiry Julia. If you are still looking, I can help. Give me a call.
Flag Thu Apr 3, 2014
Any idea which ones? I've tried about 15 and all max at 80%. Thanks.
Flag Tue Jan 21, 2014
All of home equity guys got killed in the meltdown. Yes US Bank is about the only game in town on that. The closest thing I can do is 85% cashout on an FHA loan.
0 votes Thank Flag Link Thu Mar 1, 2012
Here you go -
2 Options allowing for only 5% down with NO MI required -

I. Is for certain occupational types
If your occupation is one of the following then you should take full advantage of this offering.
5% down, NO MI, flexible qualification, rates well below 4%

II. Is for First Time Home Buyers
Here are the highlights of this unmatched program that we've had success with closing deals and saving our clients a lot of money.
1. NO Mortgage Insurance in payment or rate
2. 5% down
3. 30 year fixed rate
4. NO payment until the 5th month after closing.
5. NO origination fee, NO points, and NO junk fees
6. single-family home or townhome eligible
7. 680 credit score

This Sr. Mortgage Banking Officer/VP is Tom R. Callahan at BBVA and his e-mail

Tom has been assisting home buyers for over 27 years and is recognized on a national level with the Mortgage Bankers Association as a leader within the industry.

Good luck to you, TJ - PhD

Web Reference:
0 votes Thank Flag Link Thu Mar 1, 2012
@Aaron is correct: US Bank is probably the most agressive lender with seconds and HELOCs in the current market. I can broker to them; however, you are probably better off to go direct. If they will not/can not go to 90% your other viable option (to get close) is to do a FHA refinance at 85% (FHA will go higher on a refinance; however, I am assuming you are wanting cash out so the limitation is 85%). Because of the UFMIP and monthly mortgage insurance, this is probably not the best option for you. However, your needs and motivations may be great enough that the benefits of a FHA out weigh the downsides. To be aware that FHA just announced increases in both upfront and monthly mortgage insurance that will take effect April 1st. If there is any chance you may opt for an FHA loan you are going to want to apply before that date.

If I can clarify any questions for you, please feel free to contact me via my profile. Best to you!
0 votes Thank Flag Link Wed Feb 29, 2012
It probably does not exists in the current market. :(

you can get a purchase loan or a refinance at 96.5% through FHA... but probably no Home Equity Loan (they are too different products all together... the HELOAN is tied to the Prime index and is variable... is also not backed by fannie mae, freddie mad or HUD... whereas a typical mortgage generally is.. and is fixed or tied to the T-Bill Yields...

Best of luck! I f you have any questions email me and I can point you i the right direction...
0 votes Thank Flag Link Tue Feb 28, 2012
The best place to check for a line of credit is at your bank where you have a current relationship. These loans come with a personal guarantee and won't be limited to the asset to which it is tied. Therefore the banks will want to see you income and ability to repay the debt and will consider that just as important as the value of your home. I know that US Bank has some decent programs at the moment. Start by checking there. If you'd like and introduction to a lender, please give me a call and I can get you lined up with the right person.

Aaron Belliston
Web Reference:
0 votes Thank Flag Link Tue Feb 28, 2012
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