Generally speaking a $1.1 Million home purchase will require 40% down. That said, most depends on your credit, whether you will cross collateralize with any other property, and whether the loan is fully amortizing, fixed or variable interest rate. I suggest further advice be given upon completion of a loan application. Until a loan application is complete, discussion is quite theoretical. You can fill out an application at https://2117285562.secure-loancenter.com/WebApp/FullAppLogin.aspx. Then John Hanson, branch manager, at High Tech Lending Community West Mortgage will follow up with you.
High Tech Lending is a correspondent bank which writes loans directly as an extension of several of the large banks such as Chase, Wells Fargo, GMAC, Stearns, and American Funding Resources. So one application gives you access to all the programs in each of these banks. Thus, you can get the best program being offered without paying a broker.
If you would prefer doing an application over the phone, you can call me at 408-639-0211, and I shall complete it with you and submit it to High Tech Lending, where I am a loan officer.
To give you another direct lender resource you can contact Dave Setti at Turnkey Mortgage
All the best to you.
Pls let me have more details, to guide you in the right direction.
Option 2 - 15 % Down Payment. We will finance the 1st and 2nd to 85%.
You need a minimum credit score of 700
These 2 options have NO MORTGAGE INSURANCE.
Call me for more details
Feel free to contact me for assistance, I live in the Bay Area.
I recommend that you contact Doug Jones, the owner of Mortgage Magic. Doug has been a lender for over 40 years and is an excellent source for your question.
The contact number for Doug Jones is: (408)209-6773
The web site for Doug Jones Mortgage Magic is: http://www.mortgagemagic.com
Charles Butterfield MBA
Real Estate Broker/REALTOR
Cell Phone: (408)509-6218
Email Address: email@example.com