are there any options for jumbo non-conforming piggy-back loans? have 20% for $1M purchase; looking for options with LTV > 80% if we go more

Asked by Joshua Jansen, 94611 Sun Jun 5, 2011

upmark in case we find a house which needs a bit more TLC we may need to keep some of our cash for a remodel and then would like to finance more of the house purchase. I am curious if there was a loan option for a 80% first and 5% second.

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Robin Silverberg’s answer
Robin Silver…, Mortgage Broker Or Lender, Garden City, NY
Mon Jun 13, 2011
Ros, it appears that your branch is only licensed in Arizona. Am I missing something here?
Joshua, there is a lender who will go to 85% on a second, but you should have someone local check on whether that is applicable in California. We do both banking and brokering, and have an office in California, but personally I am not licensed there.
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Rudi Hofmann, Mortgage Broker Or Lender, El Segundo, CA
Mon Jun 13, 2011
I cannot offer you more than 80% LTV. I can offer you the service you deserve without any surprises with competitive rates and fees. I'm totally transparent. You can find everything you need to know on my website.

Happy funding, Rudi
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Brian LeBars, Mortgage Broker Or Lender, Pleasanton, CA
Sun Jun 5, 2011
Hi Joshua...

There are no current Jumbo loans to my knowledge that go above an 80% loan to value.

If you have further questions feel free to contact me anytime!
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Roswell Moore…, Mortgage Broker Or Lender, Scottsdale, AZ
Sun Jun 5, 2011
Hi Joshua,

Yes, there is an alternative. I work for a mortgage bank that provides Jumbo loans up to $5 MM with as little as 10% down.

Please feel free to contact me directly; I'd be glad to help.

All the best,

Roswell Moore, CMPS
Certified Mortgage Planner
480-422-5095 direct

We are a Direct Lender, Mortgage Bank where we originate, process, underwrite and fund, in-house, FHA (w/a 580 score), 203k, VA, USDA, Jumbo, Conventional, loans to Canadians, Australians & other Foreign Nationals, on time. NMLS ID 263779 | AZ BK 0903725
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