Asked by Jeremy, Indianapolis, IN • Wed Dec 5, 2012
I'm currently looking for a construction jumbo loan lender that can lend 750,000 total with 10% down($850K total price [house lot]). We currently own the lot, wife and I have 800 credit scores, and no real debt. Our house plans are nearly complete and would like to capitalize on current market rates.
I have a lender that can do 717,000 total payout @ 10%. This difference will take me ~8months to make up the difference to reach the 750 I need. We are okay with that, but I would prefer to capitalize on current rates if possible; so I'm trying to see if there is another lender that can do 750,000 @ 10% for a strong profile buyer.
Any lenders or brokers with a product that might fit our situation?
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