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Low Down Payment Super Jumbo Loans – California

Posted February 6th, 2014 in Mortgage Loan Insights

Low down payments on super jumbo California loans are our specialty.

For practicing MD / Dentist / CPA / Attorneys we offer super jumbo loans in California with as little as 5% down with no mortgage insurance required, no reserves, 700 mid-FICO qualifying scores and a choice of 5/1, 7/1 ARM or 30 and 15-year fixed options.  This program can provide up to 80% financing on loan amounts up to $4.0 million dollars!

For everyone else, we offer 10% down super jumbo loans to allow you to purchase property up to $1,375,000, or 15% down to purchase or refinance property valued at up to $2.0 million dollars.

Our super jumbo loans with low down payment / equity are available as “80-10-10” combo loan structures, with a 1st loan that can be a 5/1, 7/1, 10/1 ARM or 30 / 15-year fixed. Our concurrent 2nd loan options are available in both Home Equity Credit Lines (with interest-only payments) or a 15-year fixed-rate program.

For those with a bit more cash / equity, we offer leveraged single-loan programs with lower down payments:

  • 20% down to $2.0 million
  • 25% down to $3.0 million (20% down with seller / private 2nd)
  • 30% down to $5.0 million (20% down with seller / private 2nd)

The new “Qualified Mortgage” standards implemented after January 10, 2014 have resulted in many jumbo mortgage banks dropping Interest-Only jumbo loans from their product lines. We continue to offer Interest-Only super jumbo loans in 5/1, 7/1, and 10/1 ARMs, up to $10.0 million dollars. 

See my Super Jumbo Loans page for more information on these unique loan programs.  Call 1-800-644-8829 or inquire online.

Luxury Home Photography Makes ALL The Difference

Posted November 21st, 2011 in Real Estate Insights

What is the one facet of luxury real estate sales that’s the most undervalued in today’s market?


Want to improve your odds of selling your luxury home in California sooner, and for top dollar? Whether you are a high-end Realtor or a property owner, read on…. Read more »

Making Sense of Conforming versus Non-Conforming California Home Loans, 2014

Posted October 4th, 2011 in Mortgage Loan Insights

December 9, 2013

The Federal loan limits that define “conforming” and “non-conforming” loans (by county) can be  confusing for homeowners, but these limits are relevant and important for consumers to know, since the distinction between what constitutes a “conforming” loan versus a “non-conforming” is what ultimately distinguishes a “conventional” loan from a “SUPER JUMBO” loan. Read more »

How long do I have to wait after a bankruptcy, short sale or foreclosure before I can buy a home?

Posted August 1st, 2011 in Mortgage Loan Insights

This question of how long one must wait to qualify to buy a home after a bankruptcy, short sale, deed-in-lieu, or foreclosure is one many California homeowners are asking now.

As of August 1, 2011, here are the general guidelines
that FHA, Fannie Mae, Freddie Mac, VA, and USDA provide for these derogatory credit events.
Read more »

Hard Money California Apartment Loans

Posted September 23rd, 2010 in Mortgage Loan Insights

While many multi-family property owners know us for our traditional CA apartment loans, we specialize in low-rate hard money apartment lending as well. In fact, private money apartment loans make up a large part of our fundings today, since commercial banks are less than willing to loan on apartments that fail to meet certain minimum debt-service coverage, vacancy, location, owner credit, and other standards. Read more »

What can I expect as a business owner in 2009 and after?

Posted October 19th, 2009 in General

My good friend and respected business consultant and educator Chris Banescu has published an elightening article The Assault on American Business.

Chris’s in-depth article examines the five greatest threats to American business and the utterly terrifying consequences to our economy as a result of current government policy and proposed legislation.

Chris has a comprehensive blogsite chock full of useful and insightful information for those interested in the politics of our day, particularly as it relates to what I call the cramdown of US business and our personal freedoms in today’s times.

New CA Lending Bills Signed Into Law Do NOTHING To Alleviate Foreclosures

Posted October 13th, 2009 in Mortgage Loan Insights

Governor Arnold Schwarzenegger approved seven new laws on October 11th that provide a range of new so-called consumer protections to home mortgage holders in a last-minute scamper session.

Absolutely NOTHING in the new legislation will help homeowners currently facing foreclosure, which was what the Democrat-sponsored bills were supposed to alleviate.
Read more »

What Will A Hard Money Loan Cost Me?

Posted July 2nd, 2009 in Mortgage Loan Insights

If you’re new to “hard money” loans — also known as “private money financing”, this article should help clarify what privately funded equity-based lending is  about.  Hard money financing has changed a bit in 2013, with many lenders moving toward more conventional underwriting guidelines, rates, and fees found in the old days of “sub-prime” loans, albeit with specific provisions for owner-primary properties under the Dodd-Frank Act. Nowadays, hard money loans do not need to be unreasonably expensive IF the right combination of factors exist.   Read more »

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Disclaimer: The advice and opinions expressed herein do not constitute legal advice and are intended for general informational purposes only based on the working experience of the author only. The author is not a licensed attorney. The opinions contained herein are made exclusively by the author and not those of Augusta Financial Inc, it's ownership, management, or other employees. No guarantees as to the validity or legal aspects of the information contained herein are made, express or implied. Accuracy of this information is subject to change per market conditions or the author's experience in the industry. No guarantees are expressed or implied as to the viability of real estate as an investment. Personal credit issues are subjective. Real estate, finance, investment, and landlord-tenant laws and regulations vary state-by-state. You should consult with a licensed real estate attorney in your area for all matters pertaining to the legal aspects of selling, purchasing, financing, investing in, or rental of real estate whenever legal and/or financial implications are (or should be) a consideration. Page copy protected against web site content infringement by Copyscape
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