Need a home loan for a Jumbo Mortgage

Asked by Finance Novice, Lafayette, CO Sun Jan 26, 2014

Hi - Are there any great lenders out there who do Jumbo Mortgages with 5%-10% down? The home I'm looking at is 625k but I'd like to negotiate it down to $585k and put down 10% max. I have credit score of 715 and HHI 185k per year. Is it possible to do a 5/5 arm (to get the lower rate) and still avoid PMI?

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15
Melvin List, Mortgage Broker Or Lender, Tampa, FL
Wed Apr 26, 2017
Yes there are Jumbo programs out there with on 5% down with no PMI. I would reach out to a local mortgage broker and start asking some questions. I would love to help but I on lend in Florida.
Web Reference:  http://www.flbestrate.com
0 votes
jumbosource, Other Pro, Valdosta, FL
Fri Jul 29, 2016
There are 5% down options up to 1mil loan amount. 700 credit required, no pmi, fix rates. This program requires full documentation.

Jumbo Mortgage Source
Specializing in 95% Jumbo loans
Serving home buyers in all 50 states
0 votes
Five Stars, Other Pro, Jacksonville, FL
Thu Apr 14, 2016
We can help you with the following:
1 loan up to $850,000 - 95% financing, no monthly PMI.
Combo 80/15/5 - 1st and 2nd mortgage up to $1,000,000 - 95% financing. No PMI

These programs are full documentation (assets and income) We offer other solutions for reduced documentation, investor and vacation homes has well, please contact us below to discuss the details.


Five Stars Mortgage
National Home Loan Resource
7 days week - 9am-8pm
Ph: 800-871-2636
http://www.FiveStarsMortgage.com
0 votes
Bill Cook, Mortgage Broker Or Lender, Manhattan Beach, CA
Sat Feb 8, 2014
If you haven;t found anyone yet, I would be happy to speak with you so you can get the best loan that best fits you. Whenever you have the time, please contact me so we can talk. If you have any further questions for me or need a loan, feel free to contact me.

Good Luck!

Will Cook
Phone: 949.205.7635
Email: bcook [at] afncorp.com
NMLS # 1048392
0 votes
Ted Gonzalez, Mortgage Broker Or Lender, Glendale, CO
Thu Feb 6, 2014
I have access to a number of options that may be of use for you. I can both use my direct mortgage banking source or broker it out to a number of portfolio type options if needed.
Give me a call 720 362 2600 if for some reason you're still shopping and you need to talk about what you've heard so far and what my lending company might be able to do for you.
BEST LUCK FINDING THE RIGHT SERVICE AND RIGHT LOAN!!
0 votes
DeLUX Team R…, Agent, Littleton, CO
Mon Jan 27, 2014
You might want to call Michelle Gioso (303) 450-2914 she is honest, diligent, detail oriented and available days and evenings unlike many lenders.
0 votes
DeLUX Team R…, Agent, Littleton, CO
Mon Jan 27, 2014
You might want to call Michelle Gioso (303) 450-2914 she is honest, diligent, detail oriented and available days and evenings unlike many lenders.
0 votes
Wisdom Real…, Agent, Denver, CO
Mon Jan 27, 2014
First I would start off by talking with friends to see if they can refer someone who did a great job for them. These are 3 people whom I have been working with that I think go above and beyond
1. Kim Stretz 303-996-2456
2. Scott Lagge 303-996-4867
3. MIchael Delvechio 720-279-5901
Hope this helps!
0 votes
Christine Ni…, Agent, Denver, CO
Mon Jan 27, 2014
I highly recommend Pamela Todd of Megastar Financial. Pamela has helped buyers of mine on over 60 transactions and I can honestly say that I have never been disappointed by her performance. She delivers what she promises. Pamela can be reached at 720-891-1267, Ptodd@megastarfinancial.com.
0 votes
Steven Saeng…, , Denver, CO
Mon Jan 27, 2014
Steven Saenger at RP-Mortgage 720-308-4922 has a great Jumbo loan, with 10% down no MI up to a $750,000 loan amount, and yes he can do a 5/1 ARM
0 votes
Richard Foe…, Agent, Parker, CO
Mon Jan 27, 2014
John Jarvis at Citywide Home Loan is awesome at helping people with all kinds of loans.
720-732-2705

Rich
720-530-5553
0 votes
Michael Glist, Agent, Colorado Springs, CO
Mon Jan 27, 2014
I would be more than happy to talk to you about your options and see how we could be of asssitance to you in this process. Feel free to contact me with any questions.
0 votes
Ben Gearhart, Agent, Denver, CO
Sun Jan 26, 2014
Hello,
I could structure the financing with an 80% 1st loan and a 2nd that would lend to 95%. This would help you avoid mortgage insurance and accomplish your goal of 5% down. Please call me at 303-910-7015 if you would like to discuss further. Thank you!
0 votes
Bonnie Kelnb…, , Denver, CO
Sun Jan 26, 2014
Marybeth Heckler with Academy Mortgage is very responsive and will be able to help you out with your Jumbo Loan questions. Her direct number is (303) 910-0680 and her email is marybeth.heckler@academymortgage.com. Good luck and when you are ready to start your home search give me a call 720-708-0782! Bonnie Kelnberger
0 votes
John Keene, Agent, Denver, CO
Sun Jan 26, 2014
Call Morgan Pennington with Universal. He should be able to answer your questions. (303) 815-6655
0 votes
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