Low Down Payment Super Jumbo Loans – California
Posted February 6th, 2014 in Mortgage Loan InsightsLow 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)
INTEREST-ONLY SUPER JUMBO LOANS
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.
