I am confident that I can help you find a suitable home in your price range in Del Mar. I am also confident that our in house lender Wells Fargo can design a loan for you with a competitive rate! Please contact me to discuss in more detail. John@prusd.com Prudential California Realty / Del Mar.
There are many different products out there that may service your needs. Also what is your profession as you may be able to qualify for certain lenders special programs. To see what you qualify we would have to take an application and see what your exact debt to income ratio is and if there is a co borrower or if it is a possibility for you. Also there are 97% programs with great rates that are FHA. Once again, tell me if your friend is a loan officer and did a Debt to income qualification. If you need help please call me and i can explain to you.
I'm in Toluca Lake California, and I could sell in Del Mar, if you found the property, but I'm sure a good Realtor there could help you
We don't get paid to be a buyers agent...only when we close an escrow.
Sheryl Appleton (818) 422-0612
From an investor perspective, you can understand why they prefer investing in conforming bonds rather than jumbo bonds.
This provides a quick background on the dynamics of Mortgage Backed Securities: