Home Buying in Clearwater>Question Details

Rmccurtain, Home Buyer in Clearwater, FL

Is it possible to get an 80-10-10 blended jumbo in this area?

Asked by Rmccurtain, Clearwater, FL Sat Aug 17, 2013

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Answers

6
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90% Jumbo with NO PMI is available for qualified borrowers.

HOWEVER, for most borrowers its very important to structure the deal a certain way.

Contact me for a quote with est. payment and out of pocket amount

http://www.pro-option.com

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0 votes Thank Flag Link Mon Sep 2, 2013
is there a 80 , 20 split on this. will they take 20% of people over 50. im 51
0 votes Thank Flag Link Mon Sep 2, 2013
Dick the question was referring to the mortgage loan ratio. I think you are talking about 80 -20 splits on some 55+ communities where they allow 20% of the population to be under 55. In many of the cases this % is saved for inheritance issues not resales, but it is always good to check if you have a specific community in mind. Most places require that at least one member be over 55 if it is a couple.

I feel an informed client makes the best decisions regarding their real estate needs. Let me know if I can be of assistance.

Sincerely,

Pam Cohn
Broker Associate, GRI, SFR, NHS
Real Estate Consulting, Marketing & Sales
Prudential Tropical Realty
2539 Countryside Blvd #3 Clearwater, FL 33761
pcohn@prutropical.com
727-204-7155
Flag Mon Sep 2, 2013
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Thanks, and let's please consider using Pam Cohn as the buyer's agent on this deal

97% LTV- NO PMI
97% LTV- CONDO- NO PMI
90% LTV- 2nd Home- NO PMI
90% LTV- JUMBO- NO PMI

Steve McRory
Pro Option Mortgage/ Florida
steve@pro-option.com
http://WWW.PRO-OPTION.COM
Ph: 888 662 4404
Fax: 877 440 0909
#204296
Prior Service U.S. Marine Corps
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0 votes Thank Flag Link Mon Aug 19, 2013
RMCcurtain,

90% LTV on a JUMBO with NO PMI is VERY GOOD! If you are serious you should check Steve out.

I feel an informed client makes the best decisions regarding their real estate needs. Let me know if I can be of assistance.

Sincerely,

Pam Cohn
Broker Associate, GRI, SFR, NHS
Real Estate Consulting, Marketing & Sales
Prudential Tropical Realty
2539 Countryside Blvd #3 Clearwater, FL 33761
pcohn@prutropical.com
727-204-7155
0 votes Thank Flag Link Mon Aug 19, 2013
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90% LTV JUMBO ....one loan with NO PMI!!!

See below

100% LTV- VA
100% LTV- USDA
99% LTV- FHA/580 score @ lower LTV

97% LTV- NO PMI
97% LTV- CONDO- NO PMI
90% LTV- 2nd Home- NO PMI
90% LTV- JUMBO- NO PMI
0 votes Thank Flag Link Sun Aug 18, 2013
Rmcurtain,

I don't know of any lender that will do a jumbo without equity in the home. Most are at least 20% If you can get a 10% down that's great! If you own the lot some lenders will allow you to use that as your equity- or if you bought the lot prior and still have a mortgage on i,t they may allow you to use the appreciation in the lot value towards equity down.

I feel an informed client makes the best decisions regarding their real estate needs. Let me know if I can be of assistance.

Sincerely,

Pam Cohn
Broker Associate, GRI, SFR, NHS
Real Estate Consulting, Marketing & Sales
Prudential Tropical Realty
2539 Countryside Blvd #3 Clearwater, FL 33761
pcohn@prutropical.com
727-204-7155
0 votes Thank Flag Link Sun Aug 18, 2013
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