Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Jumbo Loan Down Payment All Locations : Nationwide Real Estate Advice

  • All718K
  • Local Info60K
  • Home Buying263K
  • Home Selling45K
  • Market Conditions26K

Activity 1,198
Showing results for jumbo loan down payment [Clear search]
Mon Oct 31, 2016
Scott Godzyk answered:
Sam start by getting prequalified with a local and trusted loan officer and hire a good buyer broker who will guide you through each step of the buying process. Havuing a good buyer brioker and a good loan officer can sure reduce the stress ... more
0 votes 24 answers Share Flag
Wed Mar 27, 2013
Malik Hussain answered:
Hey Julia,

Your in my backyard there why don't you give me a call and we can arrange a meeting in my office and we can go ahead and present you all the properties that are FHA approved

Give me a call at 331.220.6323
Or email at
... more
0 votes 9 answers Share Flag
Fri Sep 20, 2013
dustinlauer.sil answered:
I own out east by UCF and work with 2 Brokers doing a lot of deals out there. We have a full service mortgage company and would be glad to help you. We always start clients with the financing, and then show properties. I think you'd be glad to speak with us especially looking for homes in Avalon.

-Dustin M. Lauer

407.900.9080 direct
... more
0 votes 17 answers Share Flag
Fri Jun 28, 2013
Assuming you have re-established credit and meet the other qualifications, you can apply for an FHA loan 3 years after the date of the deed transfer. This could either be the date of the sherriff's sale or when the house was deeded to the new owner. It really depends on how your individual foreclosure was handled.

You would have to provide this documentation to a lender so an underwriter can make this determination. Either way it looks like you should be in the clear by June at the latest.

Feel free to give me a call or email me if you'd like assistance with the process.


Tony Grech

Loan Officer -NMLS #966417

WCS Lending, LLC
... more
0 votes 6 answers Share Flag
Tue Aug 20, 2013
It looks like you have a lot of moving parts there.

The conforming limits for 3 family homes in Boston is $720,700 and for FHA is $810,450.

From a down payment standpoint, you're probably looking at needing at least 20% - either to meet the conforming/FHA loan limits and qualify for better rates OR to qualify for jumbo financing options.

I don't know of any portfolio options with less than 20% down, primarily because PMI is not obtainable over the FHA/conventional limits.

I can help you in reviewing your options if you want to give me a call or shoot me an email.


Tony Grech

Loan Officer -NMLS #966417

WCS Lending, LLC

Toll Free: 866.936.5363 ext. 278
... more
0 votes 7 answers Share Flag
Wed Apr 3, 2013
Hi Brittany,
A 10 minute phone conversation followed by providing some income and asset documentation can provide me with enough information to pre-appove you and give you an idea of how much you;d qualify for and what a monthly payment would look like.

Lenders look at income, credit, and down payment as the 3 main factors in approving you.

Once you are pre-approved you can start looking, and once you have an offer accepted the mortgage should take 30-40 days to become fully approved.

Please feel free to give me a call or email me and I can walk you through the steps.


Tony Grech

Loan Officer -NMLS #966417

WCS Lending, LLC

Toll Free: 866.936.5363 ext. 278
... more
0 votes 6 answers Share Flag
Thu Mar 28, 2013
Todd Foust answered:
Its not too late. Your agent can and probably still can help you, they just aren't entitled t a commission for their work. You could perhaps work something out with them to compensate them for their time and experience in assisting you.

Bottom line is you need contingencies for your loan and inspection of the property. Expect an incremental payment schedule as the different phases finish. Also beware that association dues are subject to change and often do later (becoming more expensive)

The builder contracts are pretty firm with regard to these issues and penalties for backing out can be harsh. I like to have an attorney review all new home contracts as they differ greatly from the standard Association of REALTORS form and almost nobody except the builders agent is really familiar with the agreement for that particular builder. There is a lot of fine print and design guidelines so there is no quick "bullet points" answer that will truly protect your interests.
... more
0 votes 14 answers Share Flag
Wed Mar 27, 2013
A. Edwards answered:
It appears you are in Michigan, that being the case MSHDA financing would be your ticket. You can receive up to $7,500 down payment assistance, quite possibly getting you into a home for as little is 1% of the purchase price. I'd be happy to help you! ... more
0 votes 4 answers Share Flag
Mon Jun 20, 2016
lendersnetwork answered:
Call me Martha, I can get you a pre approval in AL with under a 600 score but we need to talk first.

0 votes 14 answers Share Flag
Sun Jul 21, 2013
Olga Friedman answered:
Before beginning your search you should have a general idea of what kind of home you are looking for, taking into consideration your budget. You can speak to a real estate attorney who can go over the entire process with you, access your needs and point you in the right direction. Please feel free to contact me, I would be more than happy to help.

Olga Friedman
... more
0 votes 17 answers Share Flag
Sun Jan 19, 2014
Chris Ann Cleland answered:
The amount of house you can buy now is a certainty. In waiting to get to a 20% down payment, who knows where interest rates will be. If they go up, your buying power decreases. And home princes are increasing in the Western PW County market.

If you are on a conventional loan with PMI, you can always refi when you do have enough to get out of it. That's what I would recommend. Waiting to avoid PMI could cost you more in the long run as interest rates will start to go up.
... more
0 votes 8 answers Share Flag
Mon Mar 25, 2013
Alain Picard answered:
Mon Mar 25, 2013
Lenora Paulson answered:
Have a great lender that can help direct you with the best program that fits your financials. FHA has a program with only 3.5% down. Lets see how we can get you moving toward home ownership while the interest rates are low and before prices escalate. Email me at or call me on my cell and we can talk further. 702-591-0300 will look forward speaking with you soon! ... more
0 votes 5 answers Share Flag
Mon Mar 25, 2013
jennifer chou answered:
Hi Criss
The mortgage broker in Dallas Tx is correct you need to start off with a mortgage company, if you are looking to purchase property in Kern County, Ca there are loan programs such as the down payment assistance program available if you qualify.

Jennifer Chou/ Realtor
Tholco Real Estate Group
Bakersfield, Ca 93312
... more
0 votes 2 answers Share Flag
Sun Mar 24, 2013
Gail Gladstone answered:

If anyone can do it, that would be Brian Tom of Cliff Co Mortgage.

You can reach Brian at 516-448-2434 or email him at
... more
0 votes 3 answers Share Flag
Mon Mar 25, 2013

The credit score is not the only thing that will be looked at.
Number and seasonning of tradelines, work history, assets, etc....
0 votes 4 answers Share Flag
Mon May 13, 2013
David Mason answered:
These are all good questions for a good lender and I have a list of several I can recommend. I have also compiled a list of rental management contacts for my clients. I would be happy to provide them at your request. ... more
0 votes 6 answers Share Flag
Tue Mar 26, 2013
Barbara Grandolfo answered:
Hi Shannellyabrodie,

Well, much depends on whether the complex is approved for certain types of loans and what sort of financing is acceptable to the seller. However, here are some scenarios 1) FHA loan you will need to put down 3.5% but the complex must be FHA approved and the seller willing to accept this type of financing 2) If you're a veteran, you can get a VA loan with zero down 3) Conventional financing of 20% down 4) Lastly, there are many types of loan programs with as little down as 5%,10% or 15%.

I would suggest contacting a lender in your area and discussing all the various loan options with them to find out which one would work best for you.

Good luck with your house hunting!

Barbara Grandolfo
... more
0 votes 8 answers Share Flag
Wed May 21, 2014
Solomon Greene answered:
You may be at a good starting position, but there is more to be considered. Please don't attempt to answer any of these questions here, but think about them carefully.

1. Did a mortgage lender provide this credit score? Is 642 the median of all three or just one?
2. What is your income? Is it reliable?
3. If self-employed, have you been so for at least three years and kept good records?
4. Are you current on those student loans?
5. Have you been current on any other debt that you may have had over the past 12 -24 months?
6. Are those student loans in deferment for over 12 months?
7. If not, what is your debt-to-income ratio including those student loans?
8. Do you have the funds for a down payment?
9. Have you filed your 2010, 2011 and 2012 tax returns?

In addition, you'll find a list of items that are typically requested by the lender at .

I'd welcome the opportunity to speak with you about buying a property and provide a list of lenders to help you arrive at a decision about whether this is the best time for you to consider a home purchase.

All my best for a successful home search.

Solomon Greene
Georgia Real Estate Brokers Associate, REALTOR®, Certified Affordable Housing Counselor
Keller Williams Realty Atlanta Partners
(678) 775-2677
... more
0 votes 7 answers Share Flag
1 2 3 4 5 6 7 ...
Search Advice