My husband and I have 800 scores, income of over 228,000 per year as a fire chief. We made an offer on a

Asked by Lara Lopez, Vacaville, CA Tue Mar 3, 2009

home. We have 10% to put down and it is a jumbo loan. With such a clean file... isn't there someone out there who will loan to us? We are being told that it is virtually impossible to do this loan without 20% down. We are not a risk. The home is in Auburn... Placer county.

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Fred Glick, Agent, Mountain View, CA
Wed Mar 4, 2009
BEST ANSWER
There may be a way depending on what your loan amount is.

There is only 1 lender that I know of but their rates are high.

Another idea is to ask the Seller to take back a 2nd mortgage for the 10% or if you have other assets, there may be a way to secure them for the funds that you need.

You can call me at 877-282-5789 and I will be happy to review your entire situation.
Web Reference:  http://fredglick.com
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Steven Ornel…, Agent, Fremont, CA
Tue Mar 3, 2009
Hi Elizabeth, what is the loan amount? What are the "mid scores" from your credit report? Best, Steve
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